10-Year Real Yield (TIPS)
10-Year TIPS Real Yield — Historical Chart
2.43%
▲ 29.26% YoYAug 2026
All-Time High
3.15%
All-Time Low
-1.19%
Data Since
2003
Source: FRED / Federal ReserveShaded = NBER recessions
The inflation-adjusted yield on 10-year Treasury Inflation-Protected Securities (TIPS). Real yields are arguably more important than nominal yields for equities: negative real rates support high valuations (2020–2021); sharply rising real rates pressure P/E multiples (2022).