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 calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 2-year maturity was 2.29 percent on 13 November 2025, compared to 2.26 on 12 November.
Sample. In the daily time series plotted above, there are 5,418 observations. The time period covered by the series stretches from September 2004 to November 2025.
History. Here's a snapshot of a few summary statistics computed on the whole sample: the forward rate was equal on average to 1.66 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 |
|---|---|
| 2025-11-11 | 2.2702 |
| 2025-11-12 | 2.256 |
| 2025-11-13 | 2.2941 |
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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 |