MonetarioWatch · Fri 15 May 2026
US real interest rates rose
US 10-year real yield went from 2 to 2.1 percent on 15 May (+0.1 pp).
- Rate
- 2.1 percent
- Change
- +0.1 pp
- Date
- Fri 15 May 2026
- Source
- FRED (Federal Reserve Bank of St. Louis)
pp = percentage points: the difference between two percentages (3.2% → 3.8% = +0.6 pp).
US 10-year real yield, last 6 months
percent
What it means
US interest rates rose even after taking inflation into account — borrowing got more expensive.
Written in advance by Monetario, the same for every similar move. The numbers come from the data below.
The data behind it
US 10-year real yield went from 2 to 2.1 percent on 15 May (+0.1 pp).
Source: FRED (Federal Reserve Bank of St. Louis) · updated 18 Oct 2026, 14:00 UTC
Educational information, not investment advice.
Earlier moves
Who it affects
Financials
Usually helpsBanks earn more on the gap between what they charge borrowers and what they pay savers.
It can hurt instead if rates jump very fast, or if people expect a recession.
Tech
Usually hurtsHigher rates make profits expected far in the future worth less today, which weighs on fast-growing companies.
Much less so for large companies with plenty of cash that don't need to borrow.
Real Estate
Usually hurtsLoans and mortgages cost more, so fewer people buy property and prices come under pressure.
Property companies that locked in long, fixed-rate loans hold up better.
Utilities
Usually hurtsTheir steady dividends look less appealing next to higher interest on savings and bonds, and their large debts cost more.
Broad market
Usually hurtsHigher rates lower what investors pay for future profits across the whole market.
ETF treated as one group, approximate.