10-year real yield
2.83%
-2 bp vs prior day
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TIPS real yields
The 10-year TIPS real yield is 2.83% and the 5-year 2.64% as of September 25, 2026, per the U.S. Treasury's daily real yield curve. Against nominal Treasuries that implies breakeven inflation of 2.34% over 10 years and 2.34% over 5.
Real (inflation-adjusted) yields for every TIPS maturity as of September 25, 2026, from the U.S. Treasury's daily real yield curve. Updated each business day.
5-year real yield
2.64%
-6 bp vs prior day
10-year breakeven
2.34%
nominal − real
5-year breakeven
2.34%
nominal − real
Every maturity
| Maturity | Real yield | 1d | 1m | YTD | Nominal | Breakeven |
|---|---|---|---|---|---|---|
| 5Y | 2.64% | -6 bp | +60 bp | +118 bp | 4.98% | 2.34% |
| 7Y | 2.73% | -4 bp | +57 bp | +104 bp | 5.06% | 2.33% |
| 10Y | 2.83% | -2 bp | +51 bp | +89 bp | 5.17% | 2.34% |
| 20Y | 3.08% | 0 bp | +38 bp | +69 bp | 5.54% | 2.46% |
| 30Y | 3.22% | +1 bp | +30 bp | +59 bp | 5.49% | 2.27% |
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.