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. Based on ECB's statistics computed on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 2-year maturity stood at 2.41 percent on 29 December 2025, compared to 2.48 on 24 December.
Sample. There are 5,448 observations in the daily time series shown in the figure above. The series covers the span of time stretching from September 2004 to December 2025.
History. Here’s a quick look at some simple statistics we calculated on the full sample: the forward rate had a mean value of 1.67 percent; it reached its minimum of -0.65 on 20 August 2021; it reached its maximum of 4.96 on 16 June 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 2.482 |
| 2025-12-24 | 2.4814 |
| 2025-12-29 | 2.4113 |
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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 |
Series in the same data set
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