20-Year 1-3/4% Treasury Inflation-Indexed Bond, Due 1/15/2028
DTP20J28 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
1.10%
Date Range
10/8/2021 - 8/7/2025
Summary
The 20-Year Treasury Inflation-Indexed Bond represents a critical financial instrument that provides investors with protection against inflation risk. This bond offers a fixed real yield while adjusting its principal value based on changes in the Consumer Price Index (CPI).
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 designed to preserve purchasing power during inflationary periods. Economists and investors closely monitor these securities as indicators of market expectations for future inflation and real interest rates.
Methodology
The bond's principal value is adjusted quarterly based on the Consumer Price Index for All Urban Consumers (CPI-U), published by the U.S. Bureau of Labor Statistics.
Historical Context
Central banks and institutional investors use these bonds to assess market-implied inflation expectations and develop monetary policy strategies.
Key Facts
- Provides protection against inflation by adjusting principal value
- Offers a fixed real yield above inflation rate
- Issued and backed by the U.S. Treasury Department
FAQs
Q: How do Treasury Inflation-Protected Securities work?
A: TIPS adjust their principal value based on inflation, with interest payments calculated on the adjusted principal. This ensures the investment maintains its purchasing power over time.
Q: Who should consider investing in TIPS?
A: Investors seeking protection against inflation, such as retirees and those with long-term, fixed-income investment strategies, may find TIPS attractive.
Q: How is the inflation adjustment calculated?
A: The principal is adjusted quarterly using the Consumer Price Index for All Urban Consumers (CPI-U), with increases adding to the bond's value and decreases potentially reducing it.
Q: What makes this 20-year TIPS unique?
A: This specific bond offers a long-term investment horizon with built-in inflation protection, making it attractive for investors with extended financial planning needs.
Q: How often is this data updated?
A: The bond's data is typically updated quarterly, coinciding with CPI adjustments and market pricing changes.
Related News
U.S. Treasury Yields Decline After Inflation Data Meet Expectations
US Treasury Yields Drop as Inflation Data Meets Expectations US Treasury yields have seen a noticeable decline recently, as the latest inflation da...
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. econom...
Gen Z In the U.S. Shifts From Spending To Saving Habits
How Gen Z's Shift from Spending to Saving is Impacting the US Economy Recent trends indicate a significant shift in the spending habits of Gen Z, w...
US Treasury Yields Increase Before Key Economic Data Release
How Treasury Yields Signal Market Expectations Ahead of Crucial Economic Data Release Treasury yields, often referred to as a barometer for the U.S...
S&P 500 Rises With Optimistic U.S. Inflation Report
S&P 500 Soars: Positive U.S. Inflation Developments The S&P 500, a primary stock index that tracks the performance of 500 major U.S. companies, has...
U.S. Stock Market Futures Rise On Inflation and Tariff News
US Stock Market Futures Rise Amid Inflation Data and Tariff News US stock market futures are on the rise, driven by significant updates in inflatio...
Similar DTP20J Trends
10-Year 0-1/8% Treasury Inflation-Indexed Note, Due 7/15/2026
DTP10L26
30-1/2-Year 3-3/8% Treasury Inflation-Indexed Bond, Due 4/15/2032
DTP3HA32
10-Year 0.5% Treasury Inflation-Indexed Note, Due 1/15/2028
DTP10J28
30-Year 1.0% Treasury Inflation-Indexed Bond, Due 2/15/2046
DTP30F46
20-Year 2-1/2% Treasury Inflation-Indexed Bond, Due 1/15/2029
DTP20J29
20-Year 2% Treasury Inflation-Indexed Bond, Due 1/15/2026
DTP20J26
Citation
U.S. Federal Reserve, 20-Year 1-3/4% Treasury Inflation-Indexed Bond, Due 1/15/2028 [DTP20J28], retrieved from FRED.
Last Checked: 8/1/2025