RatesU.S. TreasuryContinuous
10-Year TIPS Real Yield
What is 10-Year TIPS Real Yield?
Yield on 10-year Treasury Inflation-Protected Securities.
Why it matters
The single most important rate for asset allocation.
How to read prints
When it rises
Real funding costs rising; pressures duration, growth equities, gold.
When it falls
Real costs falling; supports duration, growth, gold.
Frequently asked
What is a real yield?⌄
The yield on a Treasury Inflation-Protected Security (TIPS), which compensates for inflation by adjusting principal with CPI. It is the markets read on the inflation-adjusted real interest rate.
Why is the 10Y real yield so important?⌄
It is the single best predictor of long-duration asset prices (gold, growth equities, long bonds). Real yields up = these assets typically down.
What is the breakeven inflation rate?⌄
Nominal 10Y yield minus 10Y TIPS yield = the markets implied average inflation rate over 10 years.
What is the term premium?⌄
The extra yield investors demand to hold longer-duration bonds vs. rolling shorter ones. Hard to observe directly; usually estimated via models (e.g., ACM).
Track it on Market Ontology
Monitor 10-Year TIPS Real Yield in real time on Rates & Curves, alongside regime classification, transmission mapping, and cross-asset context.
| Source | U.S. Treasury |
| Frequency | Continuous |
| Category | Rates |
| FRED Series | DFII10 |
| Unit | % |
| Related Module | Rates & Curves |
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