20-Year 2-1/2% Treasury Inflation-Indexed Bond, Due 1/15/2029
DTP20J29 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
-5.75%
Date Range
10/12/2021 - 8/8/2025
Summary
The 20-Year 2-1/2% Treasury Inflation-Indexed Bond represents a long-term government security designed to protect investors against inflation. This financial instrument provides 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 adjust their principal value based on changes in the Consumer Price Index, ensuring investors maintain purchasing power. Economists and investors closely analyze these securities to understand market sentiment about long-term inflation expectations.
Methodology
The bond's value is calculated by adjusting the principal for inflation using the Consumer Price Index, with interest payments and principal value changing in proportion to inflation rates.
Historical Context
These bonds are critical for monetary policy analysis, helping the Federal Reserve and investors gauge market-implied inflation expectations and economic stability.
Key Facts
- Provides inflation protection for long-term investors
- Principal value adjusts with Consumer Price Index changes
- Offers insight into market inflation expectations
FAQs
Q: How do Treasury Inflation-Protected Securities work?
A: TIPS adjust their principal value based on inflation, ensuring investors maintain purchasing power. Interest payments are calculated on the adjusted principal.
Q: Why are these bonds important for investors?
A: They provide a hedge against inflation and offer a way to preserve investment value during periods of economic uncertainty.
Q: How is the bond's value determined?
A: The bond's value is calculated by adjusting the principal for changes in the Consumer Price Index, with interest payments reflecting this adjusted value.
Q: What makes this 20-year TIPS unique?
A: Its long-term duration provides a comprehensive view of market inflation expectations over an extended period.
Q: How often is this data updated?
A: The bond's value is typically updated monthly with the release of the Consumer Price Index data.
Related Trends
10-Year 0.375% Treasury Inflation-Indexed Note, Due 7/15/2027
DTP10L27
10-Year 0-1/8% Treasury Inflation-Indexed Note, Due 7/15/2026
DTP10L26
30-Year 3-7/8% Treasury Inflation-Indexed Bond, Due 4/15/2029
DTP30A29
30-Year 2-1/8% Treasury Inflation-Indexed Bond, Due 2/15/2041
DTP30F41
30-Year 1.0% Treasury Inflation-Indexed Bond, Due 2/15/2046
DTP30F46
30-Year 1-3/8% Treasury Inflation-Indexed Note, Due 2/15/2044
DTP30F44
Citation
U.S. Federal Reserve, 20-Year 2-1/2% Treasury Inflation-Indexed Bond, Due 1/15/2029 [DTP20J29], retrieved from FRED.
Last Checked: 8/1/2025