Graph and download economic data for 20-Year 2% Treasury Inflation-Indexed Bond, Due 1/15/2026 (DTP20J26) from 2010-01-04 to 2025-10-21 about 20-year, fees, TIPS, bonds, Treasury, interest rate, interest, real, rate, and USA.

The average market yield on the United States Treasury's 10-year bond was **** percent during the second quarter of 2024. This rate was adjusted to reflect a constant maturity and also indexed to inflation, giving an idea of real returns for longer-term investments. The recent expected return was highest at the end of the end of the last quarter of 2024, and lowest in the second half of 2021, when it was negative.

As of July 18, 2025, the major economy with the highest yield on 10-year government bonds was Turkey, with a yield of ** percent. This is due to the risks investors take when investing in Turkey, notably due to high inflation rates potentially eradicating any profits made when using a foreign currency to investing in securities denominated in Turkish lira. Of the major developed economies, United Kingdom had one the highest yield on 10-year government bonds at this time with **** percent, while Switzerland had the lowest at **** percent. How does inflation influence the yields of government bonds? Inflation reduces purchasing power over time. Due to this, investors seek higher returns to offset the anticipated decrease in purchasing power resulting from rapid price rises. In countries with high inflation, government bond yields often incorporate investor expectations and risk premiums, resulting in comparatively higher rates offered by these bonds. Why are government bond rates significant? Government bond rates are an important indicator of financial markets, serving as a benchmark for borrowing costs, interest rates, and investor sentiment. They affect the cost of government borrowing, influence the price of various financial instruments, and serve as a reflection of expectations regarding inflation and economic growth. For instance, in financial analysis and investing, people often use the 10-year U.S. government bond rates as a proxy for the longer-term risk-free rate.

Graph and download economic data for 30-Year 0-5/8% Treasury Inflation-Indexed Bond, Due 2/15/2043 (DTP30F43) from 2013-03-11 to 2025-10-10 about fees, TIPS, 30-year, bonds, Treasury, and USA.

View market daily updates and historical trends for 10 Year Treasury Inflation-Indexed Security Rate. from United States. Source: Federal Reserve. Track e…

Graph and download economic data for 5-Year 0.125% Treasury Inflation-Indexed Bond, Due 4/15/2025 (DISCONTINUED) (DTP5A25) from 2020-06-30 to 2025-04-14 about fees, notes, TIPS, bonds, Treasury, 5-year, and USA.

Sweden Central Govt Debt: Treasury Bonds: ow Inflation Linked Bonds data was reported at 209,874.000 SEK mn in Oct 2018. This records an increase from the previous number of 208,132.000 SEK mn for Sep 2018. Sweden Central Govt Debt: Treasury Bonds: ow Inflation Linked Bonds data is updated monthly, averaging 0.000 SEK mn from Jan 1970 (Median) to Oct 2018, with 586 observations. The data reached an all-time high of 227,047.000 SEK mn in Sep 2008 and a record low of 0.000 SEK mn in Dec 1994. Sweden Central Govt Debt: Treasury Bonds: ow Inflation Linked Bonds data remains active status in CEIC and is reported by Statistics Sweden. The data is categorized under Global Database’s Sweden – Table SE.F011: Central Government Debt: Statistics Sweden.

Inflation-Linked Project Bonds Market Outlook

As per our latest research, the global inflation-linked project bonds market size reached USD 82.4 billion in 2024, reflecting the increasing appetite for inflation-hedged investment instruments amid macroeconomic volatility. The market is expanding at a robust CAGR of 7.1% and is forecasted to achieve a value of USD 153.7 billion by 2033. This growth trajectory is primarily fueled by heightened infrastructure spending, growing concerns over inflationary pressures, and the rising demand for resilient financing mechanisms in both developed and emerging economies. The evolution of inflation-linked project bonds is significantly transforming project financing, providing both issuers and investors with innovative tools to mitigate inflation risks while supporting crucial infrastructure development.

One of the primary growth drivers for the inflation-linked project bonds market is the persistent global inflationary environment, which has prompted both public and private sector entities to seek financing mechanisms that offer protection against the erosion of real returns. Governments and institutional investors are increasingly favoring inflation-linked project bonds as a strategic hedge, particularly in long-term infrastructure projects where cost overruns due to inflation can severely impact financial viability. The ability of these bonds to adjust principal and interest payments in line with inflation indices such as the Consumer Price Index (CPI) makes them an attractive option for projects with extended timelines, such as energy, transportation, and water management. This inflation-hedging feature not only ensures the sustainability of project cash flows but also enhances investor confidence, driving the consistent expansion of the market.

Another significant factor propelling the market is the surge in global infrastructure investment, especially in emerging markets where rapid urbanization and population growth are necessitating massive upgrades in transportation, energy, and social infrastructure. Inflation-linked project bonds are increasingly being utilized to finance these capital-intensive projects, as they provide a stable and predictable return structure for investors, even in volatile economic conditions. The availability of inflation-linked instruments has also enabled governments to attract a broader array of investors, including pension funds and insurance companies, who are seeking long-term, inflation-protected assets. This influx of capital is crucial for bridging the infrastructure financing gap, particularly in regions where traditional funding sources are constrained by fiscal limitations or credit risk concerns.

Technological advancements and financial innovation are further catalyzing the adoption of inflation-linked project bonds. The integration of sophisticated risk management tools, transparent pricing mechanisms, and digital issuance platforms has streamlined the structuring and distribution of these bonds, making them more accessible to a diverse investor base. Additionally, the growing involvement of multilateral agencies and development banks in structuring and guaranteeing inflation-linked bonds has enhanced their credibility and reduced perceived risks, especially in frontier markets. These developments are not only broadening the marketÂ’s geographical reach but also fostering a more competitive and dynamic landscape, encouraging further innovation and expansion.

In the realm of inflation-hedged investment instruments, Treasury Inflation-Protected Securities (TIPS) have emerged as a vital component for investors seeking to safeguard their portfolios against inflationary pressures. TIPS are government-issued bonds that adjust their principal value in line with inflation, as measured by the Consumer Price Index (CPI). This unique feature ensures that the real value of the investment is preserved, offering a reliable hedge against the erosion of purchasing power. The growing interest in TIPS is reflective of the broader trend towards inflation-linked securities, as investors increasingly prioritize stability and predictability in their investment strategies. The integration of TIPS into diversified portfolios is not only enhancing resilience but also aligning with the evolving demands of institutional investors who are navigating complex economic landscapes.

Inflation-Linked Bonds Market Outlook

According to our latest research, the global inflation-linked bonds market size reached USD 3.26 trillion in 2024, reflecting robust investor demand amidst ongoing economic volatility and persistent inflationary pressures. The market is expected to expand at a CAGR of 7.1% over the forecast period, with the total market value projected to reach USD 6.04 trillion by 2033. This growth is primarily driven by the increasing adoption of inflation-hedging strategies among institutional and retail investors, as well as rising government and corporate issuances in both developed and emerging economies.

One of the primary growth factors fueling the expansion of the inflation-linked bonds market is the heightened global inflationary environment witnessed over the past few years. As central banks across major economies grapple with persistent inflation, investors are actively seeking instruments that can safeguard their portfolios against the erosion of purchasing power. Inflation-linked bonds, which adjust principal and interest payments in line with inflation indices, have become a preferred choice for both risk-averse and yield-seeking investors. The increased issuance of Treasury Inflation-Protected Securities (TIPS) in the United States and similar products in Europe and Asia has further catalyzed market growth, with governments leveraging these instruments to attract a broader base of investors and manage fiscal risks more effectively.

Another significant driver is the evolving regulatory landscape and the growing sophistication of financial markets. Regulatory frameworks in regions like North America and Europe have encouraged pension funds, insurance companies, and other institutional investors to incorporate inflation-linked securities into their portfolios as part of prudent risk management practices. Additionally, the proliferation of digital trading platforms and online distribution channels has democratized access to these instruments for retail investors, expanding the investor base and boosting overall market liquidity. The integration of advanced analytics and portfolio management tools has also enabled investors to better assess risk-return profiles and optimize their exposure to inflation-linked assets.

Furthermore, the diversification of issuers beyond sovereign governments has played a pivotal role in shaping the inflation-linked bonds market. In recent years, there has been a noticeable uptick in corporate and supranational issuances, as organizations seek to align their debt structures with long-term inflation expectations and investor demand. This trend is particularly pronounced in sectors such as infrastructure, utilities, and financial services, where long-duration liabilities necessitate inflation protection. The expansion of the market’s issuer base not only enhances product diversity but also supports deeper secondary market activity and price discovery, contributing to the overall maturation and resilience of the inflation-linked bonds ecosystem.

Regionally, North America continues to dominate the global inflation-linked bonds market, accounting for the largest share in 2024, followed closely by Europe and Asia Pacific. The United States, with its highly liquid TIPS market, remains the epicenter of activity, while the United Kingdom and Eurozone countries have also witnessed increased issuance of index-linked gilts and bonds. In Asia Pacific, countries such as Japan and Australia are emerging as key growth markets, driven by rising inflation expectations and proactive policy measures. Meanwhile, Latin America and the Middle East & Africa are gradually expanding their presence, buoyed by macroeconomic reforms and efforts to develop local currency bond markets.

Type Analysis

The inflation-linked bonds market is segmented by type into Treasury Inflation-Protected Securities (TIPS), Index-Linked Gilts, Capital Indexed Bonds, and Others. TIPS, issued primarily by the US Treasury, represent the largest and most liquid segment of the market, offering investors a direct hedge against US inflation. The robust demand for TIPS is underpinned by the United States' status as a global economic powerhouse and the high degree of transparency and regulatory oversight in its financial markets. TIPS have become a staple in institutional portfolios, particularly among pension funds and insurance compani

Graph and download economic data for 30-Year 0.250% Treasury Inflation-Indexed Bond, Due 02/15/2050 (DTP30F50) from 2020-02-25 to 2025-10-20 about TIPS, 30-year, bonds, Treasury, interest rate, interest, rate, and USA.

Inflation-Linked Project Bonds Market Outlook

According to our latest research, the global inflation-linked project bonds market size stood at USD 82.6 billion in 2024, supported by a robust annual growth rate. The market is expected to expand at a CAGR of 7.2% from 2025 to 2033, reaching a forecasted value of approximately USD 155.6 billion by 2033. This growth is primarily driven by rising demand for inflation-hedged investment instruments amid fluctuating macroeconomic conditions, increasing infrastructure investments, and the proliferation of public-private partnership models in both developed and emerging economies.

A major growth factor for the inflation-linked project bonds market is the persistent global inflationary environment, which has led investors and project sponsors to seek instruments that can offer real returns and capital protection. Inflation-linked project bonds, by design, adjust their principal and interest payments in line with inflation indices, ensuring that the real value of returns is preserved. This feature is particularly attractive in periods of economic uncertainty and rising price levels, as it mitigates the erosion of purchasing power commonly associated with traditional fixed-income securities. Furthermore, governments and supranational agencies are increasingly favoring inflation-linked bonds to finance long-term infrastructure and energy projects, recognizing their appeal to a broader investor base seeking inflation protection.

Another significant driver is the burgeoning need for infrastructure development worldwide, particularly in emerging markets across Asia Pacific, Latin America, and Africa. Governments are under immense pressure to upgrade transportation networks, energy systems, and water and waste management facilities to support urbanization and economic growth. However, public budgets are often constrained, prompting the adoption of innovative financing mechanisms such as inflation-linked project bonds. These instruments not only attract institutional investors with a long-term investment horizon but also align the interests of all stakeholders by linking returns to economic variables. The predictability and transparency of inflation-linked bonds make them an ideal vehicle for funding large-scale projects with long gestation periods, thereby fueling market expansion.

Technological advancements and evolving regulatory frameworks are also contributing to the growth of the inflation-linked project bonds market. The digitization of bond issuance and trading platforms has enhanced market accessibility and transparency, reducing entry barriers for both issuers and investors. Simultaneously, regulatory initiatives aimed at promoting sustainable finance and green infrastructure are encouraging the issuance of inflation-linked bonds for environmentally significant projects. As sustainability becomes a central theme in global finance, inflation-linked project bonds are increasingly structured to support renewable energy, climate resilience, and other ESG-linked objectives, further broadening their appeal and driving market growth.

From a regional perspective, North America and Europe remain dominant markets for inflation-linked project bonds, owing to their mature financial markets, stable regulatory environments, and extensive infrastructure needs. However, Asia Pacific is emerging as the fastest-growing region, propelled by rapid urbanization, government-led infrastructure programs, and increasing participation from multilateral agencies. The Middle East and Africa, while smaller in absolute terms, are witnessing steady growth as governments seek diversified funding sources for ambitious infrastructure agendas. Latin America, with its ongoing reforms and infrastructure gaps, also presents significant opportunities. The regional landscape is characterized by varying degrees of market maturity, regulatory sophistication, and investor appetite, shaping the overall growth trajectory of the global inflation-linked project bonds market.

Bond Type Analysis

The bond type segment of the inflation-linked project bonds market is broadly categorized into fixed rate, floating rate, and zero-coupon bonds. Fixed rate inflation-linked project bonds remain a popular choice among conservative investors, as they offer stable returns with principal and interest payments indexed to inflation. This structure provides clarity and predictability, making it attractive for long-term infr

Breakeven Inflation: 10 Year Bonds data was reported at 4.450 % in Jan 2025. This records a decrease from the previous number of 4.670 % for Dec 2024. Breakeven Inflation: 10 Year Bonds data is updated monthly, averaging 3.880 % from Jan 2010 (Median) to Jan 2025, with 181 observations. The data reached an all-time high of 4.930 % in Oct 2022 and a record low of 2.730 % in Jan 2015. Breakeven Inflation: 10 Year Bonds data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.I051: Breakeven Inflation Rate.

At the end of 2024, the yield on the 10-year U.S. Treasury bond was **** percent. Despite the increase in recent years, the highest yields could be observed in the early 1990s. What affects bond prices? The factors that play a big role in valuation and interest in government bonds are interest rate and inflation. If inflation is expected to be high, investors will demand a higher return on bonds. Country credit ratings indicate how stable the economy is and thus also influence the government bond prices. Risk and bonds Finally, when investors are worried about the bond issuer’s ability to pay at the end of the term, they demand a higher interest rate. For the U.S. Treasury, the vast majority of investors consider the investment to be perfectly safe. Ten-year government bonds from other countries show that countries seen as more risky have a higher bond return. On the other hand, countries in which investors do not expect economic growth have a lower yield.

Index Time Series for iShares Inflation Hedged Corporate Bond. The frequency of the observation is daily. Moving average series are also typically included. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in component securities and instruments in the fund"s underlying index.

Canada Core Inflation Nowcast: sa: Contribution: Securities Yield: Government Benchmark Bonds Yield: 10 Years data was reported at 0.150 % in 12 May 2025. This stayed constant from the previous number of 0.150 % for 05 May 2025. Canada Core Inflation Nowcast: sa: Contribution: Securities Yield: Government Benchmark Bonds Yield: 10 Years data is updated weekly, averaging 0.993 % from Jan 2018 (Median) to 12 May 2025, with 384 observations. The data reached an all-time high of 35.668 % in 15 Apr 2019 and a record low of 0.000 % in 15 May 2023. Canada Core Inflation Nowcast: sa: Contribution: Securities Yield: Government Benchmark Bonds Yield: 10 Years data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Core.

United States - 20-Year 1-3/4 Treasury Inflation-Indexed Bond, Due 1/15/2028 was 0.90% in September of 2025, according to the United States Federal Reserve. Historically, United States - 20-Year 1-3/4 Treasury Inflation-Indexed Bond, Due 1/15/2028 reached a record high of 2.67 in October of 2023 and a record low of -1.71 in August of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - 20-Year 1-3/4 Treasury Inflation-Indexed Bond, Due 1/15/2028 - last updated from the United States Federal Reserve on September of 2025.

Graph and download economic data for 30-Year 2-1/8% Treasury Inflation-Indexed Bond, Due 2/15/2041 (DTP30F41) from 2011-02-23 to 2025-10-20 about TIPS, 30-year, bonds, Treasury, interest rate, interest, real, rate, and USA.

New Zealand Government Securities: Inflation Indexed Bonds: Financial Corporations: ow Reserve Bank data was reported at 1,000.000 NZD mn in Oct 2018. This stayed constant from the previous number of 1,000.000 NZD mn for Sep 2018. New Zealand Government Securities: Inflation Indexed Bonds: Financial Corporations: ow Reserve Bank data is updated monthly, averaging 900.000 NZD mn from Jul 2015 (Median) to Oct 2018, with 40 observations. The data reached an all-time high of 1,000.000 NZD mn in Oct 2018 and a record low of 750.000 NZD mn in Feb 2017. New Zealand Government Securities: Inflation Indexed Bonds: Financial Corporations: ow Reserve Bank data remains active status in CEIC and is reported by Reserve Bank of New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.Z003: Government Securities.

View market daily updates and historical trends for 30 Year Treasury Inflation-Indexed Security Rate. from United States. Source: Federal Reserve. Track e…

ABSTRACT This paper investigates the drivers of long term real interest rates in Brazil. It is shown that long term yield on inflation linked bonds are driven by yields on 10 year interest rates of United States (US) government bonds and 10 year risk premium, as measured by the Credit Default Swap (CDS). Long term interest rates in Brazil were on a downward trend, following US real rates and stable risk premium, until the taper tantrum in the first half of 2013. From then onwards, real interest rates rose due to the increase in US real rates in anticipation of the beginning of monetary policy normalization and, more recently, due to a sharp increase in Brazilian risk premium. Policy interest rates do not significantly affect long term real interest rates.