10-Year 0.5% Treasury Inflation-Indexed Note, Due 1/15/2028
DTP10J28 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
1.37%
Date Range
10/8/2021 - 8/7/2025
Summary
The 10-Year Treasury Inflation-Indexed Note represents a government security designed to protect investors against inflation by adjusting principal based on changes in the Consumer Price Index. This financial instrument provides crucial insights into market expectations of future inflation and real interest rates.
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
Treasury Inflation-Protected Securities (TIPS) are government bonds that provide a hedge against inflation by automatically increasing the principal value when inflation rises. Economists and investors closely monitor these securities to understand market sentiment about long-term economic conditions and inflation expectations.
Methodology
The note's value is calculated by adjusting the principal amount quarterly based on the Consumer Price Index (CPI), with interest payments calculated on the adjusted principal.
Historical Context
These securities are used by policymakers, investors, and economic analysts to gauge market expectations of future inflation and assess the real economic value of long-term investments.
Key Facts
- Provides protection against inflation by adjusting principal value
- Issued by the U.S. Treasury with a fixed interest rate
- Reflects market expectations of future inflation rates
FAQs
Q: How do Treasury Inflation-Protected Securities work?
A: TIPS adjust their principal value based on changes in the Consumer Price Index. When inflation rises, the principal increases, and when deflation occurs, the principal decreases.
Q: Why are TIPS important for investors?
A: TIPS provide a way to protect investment value against inflation, offering a guaranteed real return regardless of inflation rates.
Q: How is the interest calculated on TIPS?
A: Interest is calculated on the adjusted principal, which means the dollar amount of interest payments will vary as the principal changes with inflation.
Q: What makes this specific TIPS unique?
A: This 10-year note offers a fixed 0.5% interest rate and matures on 1/15/2028, providing a specific inflation-protected investment option.
Q: How often are TIPS adjusted for inflation?
A: The principal value of TIPS is adjusted quarterly based on the Consumer Price Index, ensuring real-time protection against inflation.
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Citation
U.S. Federal Reserve, 10-Year 0.5% Treasury Inflation-Indexed Note, Due 1/15/2028 [DTP10J28], retrieved from FRED.
Last Checked: 8/1/2025