10-year real yield
2.66%
0 bp vs prior day
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TIPS real yields
The 10-year TIPS real yield is 2.66% and the 5-year 2.37% as of October 26, 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 2.47% over 5.
Real (inflation-adjusted) yields for every TIPS maturity as of October 26, 2026, from the U.S. Treasury's daily real yield curve. Updated each business day.
5-year real yield
2.37%
+3 bp vs prior day
10-year breakeven
2.34%
nominal − real
5-year breakeven
2.47%
nominal − real
Every maturity
| Maturity | Real yield | 1d | 1m | YTD | Nominal | Breakeven |
|---|---|---|---|---|---|---|
| 5Y | 2.37% | +3 bp | -27 bp | +91 bp | 4.84% | 2.47% |
| 7Y | 2.51% | +2 bp | -22 bp | +82 bp | 4.91% | 2.40% |
| 10Y | 2.66% | 0 bp | -17 bp | +72 bp | 5.00% | 2.34% |
| 20Y | 2.93% | -1 bp | -15 bp | +54 bp | 5.35% | 2.42% |
| 30Y | 3.07% | -1 bp | -15 bp | +44 bp | 5.31% | 2.24% |
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.