10-year real yield
2.78%
+12 bp vs prior day
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TIPS real yields
The 10-year TIPS real yield is 2.78% and the 5-year 2.56% as of November 10, 2026, per the U.S. Treasury's daily real yield curve. Against nominal Treasuries that implies breakeven inflation of 2.20% over 10 years and 2.25% over 5.
Real (inflation-adjusted) yields for every TIPS maturity as of November 10, 2026, from the U.S. Treasury's daily real yield curve. Updated each business day.
5-year real yield
2.56%
+14 bp vs prior day
10-year breakeven
2.20%
nominal − real
5-year breakeven
2.25%
nominal − real
Every maturity
| Maturity | Real yield | 1d | 1m | YTD | Nominal | Breakeven |
|---|---|---|---|---|---|---|
| 5Y | 2.56% | +14 bp | -12 bp | +110 bp | 4.81% | 2.25% |
| 7Y | 2.66% | +13 bp | -13 bp | +97 bp | 4.89% | 2.23% |
| 10Y | 2.78% | +12 bp | -13 bp | +84 bp | 4.98% | 2.20% |
| 20Y | 3.03% | +10 bp | -14 bp | +64 bp | 5.39% | 2.36% |
| 30Y | 3.17% | +9 bp | -15 bp | +54 bp | 5.35% | 2.18% |
10-year TIPS real yield, year to date
How to read TIPS yields
A TIPS real yield is what the bond pays on top of inflation: the principal is adjusted with CPI-U and the coupon is paid on the adjusted principal. The breakeven inflation rate is the nominal Treasury yield of the same maturity minus the real yield — roughly the average inflation at which a TIPS and a regular Treasury would return the same. Treasury publishes these par real yields each business day for the 5-, 7-, 10-, 20- and 30-year points.
Not investment advice. Official U.S. Treasury data, shown as published.