Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed

DFII10 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

1.91

Year-over-Year Change

-7.28%

Date Range

9/29/2021 - 7/29/2025

Download Dataset

Summary

The 10-Year Inflation-Indexed Treasury Yield represents the real interest rate investors expect to receive on government securities after accounting for inflation. This critical economic indicator provides insights into market expectations about future economic conditions and investor sentiment. It helps policymakers and economists understand long-term economic expectations and potential investment strategies.

Analysis & Context

This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.

Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.

About This Dataset

This metric measures the yield on U.S. Treasury securities with a 10-year maturity, adjusted for expected inflation. It reflects the real return investors anticipate, stripping out the impact of expected price level changes. The trend is crucial for understanding market expectations about future economic performance and monetary policy.

Methodology

Calculated by the U.S. Treasury using market-based pricing mechanisms, the yield is derived from trading prices of inflation-protected securities. The data is collected through direct market observations and represents the current market consensus on real interest rates.

Historical Context

Economists and investors use this trend to gauge long-term economic expectations, assess potential investment strategies, and understand market sentiment about future inflation and economic growth. It serves as a key indicator for monetary policy decisions and investment planning.

Key Facts

Represents real interest rates after inflation adjustment
Provides insight into long-term economic expectations
Directly influences investment and policy decisions
Reflects market sentiment about future economic conditions

FAQs

Q: What makes this yield different from nominal Treasury yields?

A: This yield is adjusted for inflation, showing the real return investors expect after accounting for potential price level changes.

Q: How do investors use this trend?

A: Investors use it to assess potential real returns, compare investment opportunities, and understand market expectations about future economic conditions.

Q: Why is the 10-year maturity significant?

A: The 10-year period provides a balanced view of medium to long-term economic expectations, making it a key benchmark for economic analysis.

Q: How often is this data updated?

A: The data is typically updated daily during market trading hours, reflecting current market conditions and investor sentiments.

Q: Can this trend predict economic downturns?

A: While not a definitive predictor, significant changes in this yield can provide early signals about potential economic shifts and market expectations.

Similar DFII Trends

Market Yield on U.S. Treasury Securities at 30-Year Constant Maturity, Quoted on an Investment Basis

DGS30

Market Yield on U.S. Treasury Securities at 3-Year Constant Maturity, Quoted on an Investment Basis

DGS3

Market Yield on U.S. Treasury Securities at 3-Month Constant Maturity, Quoted on an Investment Basis

DGS3MO

Market Yield on U.S. Treasury Securities at 20-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed

DFII20

Market Yield on U.S. Treasury Securities at 20-Year Constant Maturity, Quoted on an Investment Basis

DGS20