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. According to European Central Bank's statistics computed on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 2-year maturity was 2.34 percent on 30 September 2025, versus 2.33 on the previous day.
Sample. In this daily time series, there are 5,386 data points. The time range covered by the series stretches from September 2004 to September 2025.
History. Check out some descriptive statistics we calculated on the entire sample: the forward rate averaged 1.66 percent; it reached its lowest level of -0.65 on 20 August 2021; it recorded a maximum of 4.96 on 16 June 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 2.3588 |
| 2025-09-29 | 2.3349 |
| 2025-09-30 | 2.3351 |
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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 |