What do folks use to look at real interest rates in US? Should be US bond yield - inflation rate, but inflation numbers are quarterly. Would I do 10yr bond yield - 10yr TIPS yield? This may be a very dumb Q
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TIPS yield is already the real interest rate. Nominal yield minus TIPS yield is breakeven inflation.
Though TIPS yield is corrupted with all kinds of shit, eg they are much less liquid than treasuries and tend to sell off in a crisis, which makes them a very bad measure of real yields. Best approach is probably to take nominal yield minus consensus inflation forecast...
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... which is available monthly (eg from Consensus Economics or Bloomberg) or even weekly if you don’t mind a bit of noise.
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So when ppl say that real rates impact gold, are they referring to TIPS yield? Good pts about the distortions in TIPS, here sadly I will need to stick to data available from my good ole pal st louis FRED tho lol
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roughly speaking yes, it is the most observable measure of real yield, but this is all hand wavy
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