Real yields
Policy rate and 2-year government yield, each minus CPI inflation, per economy, now and month by month.
Latest real rate
The policy rate in force, and the government yield, each minus the newest headline CPI year on year.
Policy rate and 2-year government yield, each minus CPI inflation, per economy, now and month by month.
The policy rate in force, and the government yield, each minus the newest headline CPI year on year.
Policy rate and 2-year government yield, each minus CPI inflation, per economy, now and month by month.
Real policy rates run from −1.50% (Euro area) to +0.55% (Australia). The policy rate in force, and the government yield, each minus the newest headline CPI year on year.
| Policy rate and 2-year government yield | |||||
|---|---|---|---|---|---|
| United States | 3.7% | 4.00% | +0.30% | 4.73% | +1.03% |
| Euro area | 4.0% | 2.50% | −1.50% | 3.09% | −0.91% |
| United Kingdom | 3.5% | 4.00% | +0.50% | 4.71% | +1.21% |
| Japan | 2.1% | 1.25% | −0.85% | 1.86% | −0.24% |
| Canada | 3.1% | 2.50% | −0.60% | 3.13% | +0.03% |
| Australia | 4.3% | 4.85% | +0.55% | 4.95% | +0.65% |
| New Zealand | No valueOnly a q/q change is stored | 2.75% | No value | No valueNo free daily 2-year yield | No value |
| Switzerland | 1.5% | 0.00% | −1.50% | No valuePublished a month late, no daily feed | No value |
| China | 0.7% | No valueNo single policy rate in our data | No value | No valueNo 2-year yield we may reuse | No value |
| 10-year government yield | |||||
| United States | 3.7% | 4.98% | +1.28% | ||
The policy rate in force at each month's end minus the newest CPI year on year released by then, in percent.
| Oct 2026 | +0.30% | −1.30% | +0.25% | −0.85% | −0.60% | +0.30% | −1.00% |
|---|---|---|---|---|---|---|---|
| Sept 2026 | +0.60% | −0.70% | +0.65% | −0.65% | −0.75% | +0.60% | −0.80% |
| Aug 2026 | +0.35% | −0.65% | +0.85% | −0.90% | −0.75% | +0.85% | No value |
| Jul 2026 | +0.25% | −0.65% | +1.15% | −0.70% | −0.55% | No value | No value |
The last stored yield of each month minus the newest CPI year on year released by then, in percent.
| Oct 2026 | +0.86% | −0.74% | +1.18% | −0.23% | +0.18% | +0.65% | +1.24% |
|---|---|---|---|---|---|---|---|
| Sept 2026 | +1.48% | +0.04% | +1.56% | +0.05% | +0.37% | +0.94% | +1.89% |
| Aug 2026 | +0.94% | −0.01% | +1.42% | −0.16% | +0.01% | +1.18% | +1.35% |
| Jul 2026 | +0.78% | −0.14% | +1.70% | −0.19% | +0.11% | +0.71% | +1.25% |