Rates
Follow Treasury ETFs and the rates that move them.
3.75–4.00%
4.77%
+0.40% MoM
5.28%
+0.50% MoM
3.88%
+0.51%
2.71%
Next Fed decision
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Treasury yields
The market interest rate on 10-year US government debt.
5.28%
+1.14% over the past year
+0.51%
+0.10% MoM
Long-term yields are higher
+1.06%
+0.20% MoM
Long-term yields are higher
+0.64%
−0.04% MoM
Long-term yields are higher
What's coming up
Data releases that move rates.
Treasury ETFs
Follow the Treasury curve, from short-term bills to long bonds.
Approximate price sensitivity based on duration. Actual moves will vary.
Inflation
How fast prices have risen, next to how fast the market expects them to rise.
What already happened
Latest Aug 2026
Inflation measured from actual prices
3.35%
+0.05% vs last month
2.45%
−0.02% vs last month
What the market expects
As of Sep 2026
Priced into bonds today
2.35%
+0.06% vs last month
2.34%
+0.03% vs last month
Headline CPI
Core CPI
Core PCE
Expected, next 10 years
Expected, 5 to 10 years out
Solid lines are inflation that has already happened. Dashed lines are what the bond market expects next.
Updated Sep 2026
Yields after inflation (real yields)
Treasury yields after subtracting expected inflation. Above zero, Treasuries are expected to outpace inflation.
10Y after inflation
2.71%
+0.50% MoM
5Y after inflation
2.45%
10Y yield
5.28%
Expected inflation
2.57%
Yield after expected inflation
2.71%
10Y after inflation
5Y after inflation
Estimated from Treasury yields and the latest monthly inflation expectation, not from TIPS yields.
Updated Oct 7, 2026
The debasement trade
How bitcoin, gold and silver have performed as real yields change.
Bitcoin
Gold
Silver
10Y real yield (right axis, inverted)
The real-yield axis is inverted: the dashed line rises when real yields fall. 1 year after inflation = 1Y price return minus inflation.
Rate-sensitive ETFs
Equity sectors where interest rates have an outsized impact.
Inflation & real assets
Assets commonly used to express views on inflation, real yields and currency debasement.
