U.S. Treasury to Auction New 10-Year TIPS with Potentially Highest Real Yield in 18 Years

The U.S. Treasury is scheduled to offer $21 billion in a new 10-year Treasury Inflation-Protected Security (TIPS) on Thursday, July 24, 2026. This upcoming auction is anticipated to generate the highest real yield to maturity for this term in nearly 18 years, with current estimates suggesting a real yield around 2.31%.