The Change In 10 Year Yields: Up, Up And Away

Menzie Chinn
By Menzie Chinn of Econbrowser
Professor of Public Affairs and Economics at the University of Wisconsin •

10-year Treasury yields surged 70 basis points since late February, driven by a sharp rise in TIPS and expected real rates.

depositphotos_66114107-stock-photo-business-graph.jpg
Source: DepositPhotos

Treasurys and TIPS, 70 and 46 bps, respectively.

Figure 1: Change since 2/27 in 10 year Treasury yield (blue), TIPS (dark red), expected real yields (light red), all in %. Source: Treasury via FRED, Federal Reserve, and author’s calculations.

As of 4/30, the estimated increase in TIPS (22 bps) due to higher future expected real rates was 15 bps.

More from this Author

Major Shocks, Major Real Interest Rate Increases

Major Shocks, Major Real Interest Rate Increases

Menzie Chinn •
Pecking Order And AI Capex Spending

Pecking Order And AI Capex Spending

Menzie Chinn •
“Core GDP” And AI Related Imports And Investment Contribution To GDP

“Core GDP” And AI Related Imports And Investment Contribution To GDP

Menzie Chinn •

Comments

Back to all articles