What Is the Term Premium in Bond Yields?
Ten year inflation expectations: market implied against model basedseries ·
2026-10-05 · 18×5
The 10 year yield split into implied inflation and an implied real yieldseries ·
2026-10-05 · 18×5
Month over month change in the 3 month bill and the 10 year, in basis pointsseries ·
2026-10-05 · 26×4
The 5 year, the 10 year, and the implied 5y5y forward rateseries ·
2026-10-05 · 26×5
The Treasury curve now and a year ago, by maturitytable ·
2026-10-05 · 6×3
Ten year inflation expectations: market implied against model based
Ten year inflation expectations: market implied against model based
| month | month_label | market_10y_pct | model_10y_pct | model_gap_pct |
|---|---|---|---|---|
| 2024-10-01 | Oct 2024 | 2.29 | 2.12 | 0.17 |
| 2024-11-01 | Nov 2024 | 2.32 | 2.33 | 0.01 |
| 2024-12-01 | Dec 2024 | 2.3 | 2.32 | 0.02 |
| 2025-01-01 | Jan 2025 | 2.4 | 2.44 | 0.04 |
| 2025-02-01 | Feb 2025 | 2.42 | 2.47 | 0.05 |
| 2025-03-01 | Mar 2025 | 2.33 | 2.3 | 0.03 |
| 2025-04-01 | Apr 2025 | 2.24 | 2.35 | 0.11 |
| 2025-05-01 | May 2025 | 2.31 | 2.31 | 0 |
| 2025-06-01 | Jun 2025 | 2.3 | 2.35 | 0.05 |
| 2025-07-01 | Jul 2025 | 2.38 | 2.34 | 0.04 |
| 2025-08-01 | Aug 2025 | 2.38 | 2.28 | 0.1 |
| 2025-09-01 | Sep 2025 | 2.37 | 2.3 | 0.07 |
| 2025-10-01 | Oct 2025 | 2.31 | 2.3 | 0.01 |
| 2025-11-01 | Nov 2025 | 2.27 | 2.31 | 0.04 |
| 2025-12-01 | Dec 2025 | 2.24 | 2.35 | 0.11 |
| 2026-01-01 | Jan 2026 | 2.31 | 2.33 | 0.02 |
| 2026-02-01 | Feb 2026 | 2.3 | 2.37 | 0.07 |
| 2026-05-01 | May 2026 | 2.44 | 2.48 | 0.04 |
the exact SQL behind every number
SELECT
toString(toStartOfMonth(date)) AS month,
formatDateTime(toStartOfMonth(date), '%b %Y') AS month_label,
round(avg(toFloat64(market_10_year)), 2) AS market_10y_pct,
round(avg(toFloat64(model_10_year)), 2) AS model_10y_pct,
round(abs(avg(toFloat64(market_10_year)) - avg(toFloat64(model_10_year))), 2) AS model_gap_pct
FROM global_markets.inflation_expectations
WHERE date >= today() - 760
AND market_10_year > 0
AND model_10_year > 0
GROUP BY toStartOfMonth(date)
ORDER BY toStartOfMonth(date)
More from this analysisWhat Is the Term Premium in Bond Yields?
Month over month change in the 3 month bill and the 10 year, in basis points
series 26×4
→
The 5 year, the 10 year, and the implied 5y5y forward rate
series 26×5
→
The 10 year yield split into implied inflation and an implied real yield
series 18×5
→
The Treasury curve now and a year ago, by maturity
table 6×3
→
See all 3,094 queries →