Core CPI (Excluding Food & Energy) vs 10-Year Treasury Yield
Core CPI (Excluding Food & Energy) is currently 3.1% (down -0.1%). 10-Year Treasury Yield is currently 4.1% (down -0.1%).
| Metric | Core CPI (Excluding Food & Energy) | 10-Year Treasury Yield |
|---|---|---|
| Current value | 3.1% | 4.1% |
| Previous reading | 3.2% | 4.25% |
| Change | -0.1% | -0.1% |
| Trend | down | down |
| Frequency | Monthly | Daily |
| Source | Bureau of Labor Statistics | U.S. Treasury |
| Last updated | 2026-03-12 | 2026-04-04 |
| Category | inflation | rates |
What Core CPI (Excluding Food & Energy) measures
Core CPI measures consumer price changes excluding food and energy, which are volatile and often driven by supply factors rather than monetary policy. It is the Fed's preferred gauge of underlying inflation trends.
Core CPI at 3.1% shows that underlying inflation remains sticky above the Fed's 2% target. Housing costs and services inflation are the primary culprits. For executives, sticky core inflation means the Fed is unlikely to cut interest rates soon, keeping borrowing costs elevated. Budget planners should assume inflation-adjusted cost increases of 3%+ for services, labor, and real estate.
What 10-Year Treasury Yield measures
The 10-year Treasury yield is the return investors earn on U.S. government bonds maturing in 10 years. It serves as the benchmark for mortgage rates, corporate bond yields, and the global risk-free rate.
The 10-year yield at 4.12% reflects market expectations for interest rates, inflation, and economic growth over the next decade. For executives, this rate directly affects: corporate borrowing costs (investment-grade bonds typically yield 10Y + 1-2%), mortgage rates (typically 10Y + 1.5-2%), and equity valuations (higher yields make bonds more competitive with stocks, pressuring P/E ratios).
Frequently asked
Core CPI (Excluding Food & Energy) is currently 3.1%, down -0.1% from the previous reading. Source: Bureau of Labor Statistics, updated monthly.
10-Year Treasury Yield is currently 4.1%, down -0.1% from the previous reading. Source: U.S. Treasury, updated daily.
Core CPI at 3.1% shows that underlying inflation remains sticky above the Fed's 2% target. Housing costs and services inflation are the primary culprits. For executives, sticky core inflation means th The 10-year yield at 4.12% reflects market expectations for interest rates, inflation, and economic growth over the next decade. For executives, this rate directly affects: corporate borrowing costs (