10-Year 0.75% Treasury Inflation-Indexed Note, Due 7/15/2028
DTP10L28 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
-8.26%
Date Range
10/6/2021 - 8/5/2025
Summary
This Treasury Inflation-Protected Securities (TIPS) note provides investors with a fixed interest rate that adjusts for inflation, protecting purchasing power over time. It represents a key financial instrument for understanding 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
The 10-year TIPS note is a government-issued security that offers protection against inflation by adjusting the principal value based on changes in the Consumer Price Index (CPI). Economists and investors use this instrument to gauge market-implied inflation expectations and real interest rate trends.
Methodology
The note's principal value is calculated by adjusting the original face value with the monthly CPI, ensuring that the investment maintains its real value over the 10-year term.
Historical Context
Central banks and financial analysts use TIPS data to inform monetary policy decisions, investment strategies, and macroeconomic forecasting.
Key Facts
- Provides protection against inflation through principal adjustments
- Offers a fixed real interest rate for 10-year investment period
- Directly linked to Consumer Price Index (CPI) changes
FAQs
Q: What makes TIPS different from traditional Treasury bonds?
A: TIPS adjust their principal value with inflation, unlike traditional bonds with fixed principal. This provides investors with real return protection against purchasing power erosion.
Q: How do investors use TIPS in their portfolio?
A: Investors use TIPS as a hedge against inflation and to diversify their fixed-income investments. They provide a low-risk way to preserve capital during inflationary periods.
Q: How is the inflation adjustment calculated?
A: The principal is adjusted monthly using the Consumer Price Index (CPI), with the interest payment calculated based on the inflation-adjusted principal value.
Q: What happens if deflation occurs?
A: During deflation, the principal can be adjusted downward, but at maturity, investors are guaranteed to receive either the adjusted or original principal, whichever is greater.
Q: How often is this TIPS note updated?
A: The TIPS note is typically updated monthly with CPI changes, with full maturity and settlement occurring on the specified date of 7/15/2028.
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Citation
U.S. Federal Reserve, 10-Year 0.75% Treasury Inflation-Indexed Note, Due 7/15/2028 [DTP10L28], retrieved from FRED.
Last Checked: 8/1/2025