Industrial Production Index (Monthly Change) vs 10-Year Treasury Yield
Industrial Production Index (Monthly Change) is currently -0.3% (down -1.0%). 10-Year Treasury Yield is currently 4.1% (down -0.1%).
| Metric | Industrial Production Index (Monthly Change) | 10-Year Treasury Yield |
|---|---|---|
| Current value | -0.3% | 4.1% |
| Previous reading | 0.7% | 4.25% |
| Change | -1.0% | -0.1% |
| Trend | down | down |
| Frequency | Monthly | Daily |
| Source | Federal Reserve | U.S. Treasury |
| Last updated | 2026-03-18 | 2026-04-04 |
| Category | growth | rates |
What Industrial Production Index (Monthly Change) measures
The Industrial Production Index measures the real output of manufacturing, mining, and electric and gas utilities. It is a coincident indicator that moves with the business cycle and reflects the goods-producing sector of the economy.
Industrial production fell 0.3% in March after strong February gains. Manufacturing, which accounts for about 75% of the index, has been volatile as companies adjust inventory levels. For executives in manufacturing and industrial sectors, the mixed readings suggest uneven demand rather than a clear downturn. The services sector remains the primary driver of U.S. economic growth.
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
Industrial Production Index (Monthly Change) is currently -0.3%, down -1.0% from the previous reading. Source: Federal Reserve, updated monthly.
10-Year Treasury Yield is currently 4.1%, down -0.1% from the previous reading. Source: U.S. Treasury, updated daily.
Industrial production fell 0.3% in March after strong February gains. Manufacturing, which accounts for about 75% of the index, has been volatile as companies adjust inventory levels. For executives i 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 (