Source: https://mochatrade.com/learn/glossary/real-yield

# Real yield
URL: https://mochatrade.com/learn/glossary/real-yield
Last modified: 2026-10-17

A real yield is a bond's return after inflation, read live from inflation-protected Treasuries, called TIPS. It is the first driver of gold: gold pays nothing, so when real yields rise, [holding gold costs more](https://mochatrade.com/learn), and the Fed reaches it [through the long end of the curve](https://mochatrade.com/learn/us-market-structure/how-the-fed-moves-markets).

## Related terms

- Yield curve: https://mochatrade.com/learn/glossary/yield-curve
- Inverted yield curve: https://mochatrade.com/learn/glossary/inverted-yield-curve
- 10-year Treasury yield: https://mochatrade.com/learn/glossary/10-year-treasury-yield
- Quantitative easing: https://mochatrade.com/learn/glossary/quantitative-easing
- Gold futures: https://mochatrade.com/learn/glossary/gold-futures
- Dividend ETF: https://mochatrade.com/learn/glossary/dividend-etf