2-year instantaneous forward rate on government bonds (percentage points; nominal; interpolated; all ratings) - Euro area - ECB - Daily
This series is part of the dataset: Euro-area government bond yield curves (ECB)
Download Full Dataset (.xlsx)Latest updates. As indicated by European Central Bank's statistics calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 2-year maturity was 2.33 percent on 24 September 2025, compared to 2.32 on 23 September 2025.
Sample. There are 5,382 records overall in the daily series presented in the plot above. The series covers the time range going from September 2004 to September 2025.
History. Here's a glimpse of some simple statistics we calculated on the entire sample: the forward rate reached a minimum of -0.65 percent on 20 August 2021; it reached its maximum of 4.96 on 16 June 2008; it was equal on average to 1.66.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 2.304 |
| 2025-09-23 | 2.3203 |
| 2025-09-24 | 2.3335 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 2-year rate ECB instantaneous forward yield curve (all bonds) |
| Country | Euro area |
| Economic concept | Interest rate |
| Data type | Constant-maturity nominal instantaneous forward rate on government bonds |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| Rescaling | None |
| Frequency | Daily |
| Unit | Percentage points |
| Source | European Central Bank |
| Source type | Central bank |
| Data licence | Free use subject to conditions |
| Measure type | Interpolated level |
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