10-year real yield (TIPS)
The 10-year real yield is 2.64% as of Nov 4, 2026, down 0.28 percentage points from a month earlier.
Over the past year it has risen by 0.83 percentage points. The latest reading is higher than 98% of all readings since January 2003. It was last this high in October 2026. Current status: positive.
- Latest
- 2.64%
- 1 month ago
- 2.92%
- 1 year ago
- 1.81%
- Change over 1 year
- +0.83 pp
- History percentile
- 99th
- History since
- January 2003
What it is
The yield on 10-year Treasury Inflation-Protected Securities (TIPS): the return investors earn above inflation for lending to the US government for 10 years.
Why it matters for investors
Real yields are the true cost of money. Higher real yields tend to weigh on assets whose value depends on distant cash flows, such as growth stocks, and on assets with no yield, such as gold.
How to read it
A rising real yield means tighter financial conditions in inflation-adjusted terms. Negative real yields, as in 2020 and 2021, mean investors are paid less than expected inflation.
Method and sources
Source: US Department of the Treasury, via the Federal Reserve, retrieved from FRED, Federal Reserve Bank of St. Louis (series DFII10).
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
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