The 10-year TIPS real yield was about 2.28% on June 22, 2026 , and 2.29% on June 23, 2026 in the Fed’s daily rates data. I can’t reliably predict the exact yield for July 23, 2026 , but a reasonable way to frame it is that it will likely be near the recent 2.2%–2.3% range unless inflation, Fed expectations, or growth data move sharply.

Quick read

  • Recent level: around 2.28%–2.29%.
  • That suggests July 23 could plausibly land close to current levels , not far outside that band, absent a major market shock.
  • Because TIPS real yields move daily with Treasury markets, any forecast is only a rough estimate.

What would move it

  • Stronger economic data can push real yields higher.
  • Weaker growth or softer inflation expectations can pull them lower.
  • Fed policy expectations and Treasury supply can also matter.

Practical range

A simple market-style estimate would be:

  • Base case: around 2.2%–2.4%
  • Lower case: near 2.0%–2.2%
  • Higher case: above 2.4% if yields back up quickly

Bottom line

If you just want a single-number guess for July 23, 2026 , I’d peg the 10-year TIPS real yield at roughly 2.3%.