Rates Hub
Safe yield, every day
What the U.S. government pays savers and lenders today, from the Treasury's own published rates.
Safe U.S. government yields as of October 21, 2026: the I-Bond composite rate is 4.26%, the 10-year Treasury yields 5.13% and the 2-year 4.81%, and the 10-year TIPS real yield is 2.76%, which implies 2.37% breakeven inflation over ten years. Each figure comes from the U.S. Treasury and is refreshed every business day.
I-Bonds → 4.26%
The current composite rate, how the fixed and inflation parts combine, the next reset date and a value calculator.
Treasury yield curve → 10-year 5.13%
Every maturity from 1 month to 30 years, the 10-year minus 2-year spread, and how each yield moved since yesterday, last month and the start of the year.
TIPS → 10-year real 2.76%
Real yields for every TIPS maturity and the breakeven inflation rate the bond market is pricing in.
How the three rates differ
I-Bonds are savings bonds sold directly by the Treasury. Their composite rate combines a fixed rate that lasts for the life of the bond with an inflation rate that changes every six months, and the Treasury announces new rates each May 1 and November 1. The composite rate shown here applies to bonds bought before the next reset.
Treasury yields are what the government pays to borrow for a set period, from 1 month to 30 years. The Treasury publishes a par yield for each maturity every business day. Plotted together they form the yield curve; when short maturities yield more than long ones the curve is called inverted. Today the 10-year yields 5.13% against 4.25% for the 3-month.
TIPS are Treasury bonds whose principal rises with the Consumer Price Index, so their quoted yield is a real yield: the return above inflation. Subtracting a TIPS real yield from the ordinary Treasury yield of the same maturity gives the breakeven inflation rate, currently 2.37% for ten years.
Where the numbers come from
I-Bond rates come from Treasury Fiscal Data; Treasury and TIPS yields come from the Treasury's daily par and real yield curves; the inflation figures behind the I-Bond outlook come from the Bureau of Labor Statistics. All are read once a day and shown as published. See the methodology for sources and update times.
Not investment advice. Rates are shown as published by the U.S. Treasury and can change at the next reset or business day.
Common questions
What is the current I Bond rate?
The current I Bond composite rate is 4.26% for bonds issued from May 1, 2026: a 0.90% fixed rate plus a six-month inflation rate of 1.67%. The next reset is November 1, 2026. How I Bond rates work →
When do I Bond rates change?
The Treasury announces new rates each May 1 and November 1; the next is November 1, 2026. An existing bond takes up each new inflation rate every six months counted from its own issue month. How I Bond rates work →
What is an inverted yield curve?
A yield curve is inverted when short-term Treasury yields are higher than long-term yields. The usual tests are the 10-year yield minus the 2-year, or minus the 3-month, falling below zero. The Treasury yield curve explained →
What is a basis point?
A basis point is one hundredth of a percentage point. A yield that moves from 4.00% to 4.25% has risen 25 basis points. The Treasury yield curve explained →
What is a real yield?
A real yield is the return on a bond after inflation. Yields on TIPS are real yields because the bond's principal already rises with the Consumer Price Index. TIPS, real yields and breakeven inflation →