Bitcoin on the Biggest 10-Year Real-Yield Move Days

The real yield is what the US government pays on inflation-protected 10-year bonds (TIPS) once inflation is allowed for. This ranks the 15 trading days since September 2014 on which it changed most, in basis points (one basis point is 0.01 percentage point), and shows what bitcoin did on the same day: it rose on 9 of them and fell on 6.

Data as of 2026-11-12 · real yields through Nov 6, 2026; bitcoin closes at 00:00 UTC; days since Sep 18, 2014

Illustration: the 15 biggest one-day moves in the 10-year real yield since 2014, with bitcoin’s move on the same day.

Bitcoin on the Biggest 10-Year Real-Yield Move Days, data as of 2026-11-12
Rank	Date	Real yield change	Real yield, before → after	BTC same day
1	Mar 20, 2020	▼ −45 bp	0.62% → 0.17%	▲ +0.1%
2	Mar 17, 2020	▲ +39 bp	0.00% → 0.39%	▲ +4.2%
3	Jun 13, 2022	▲ +30 bp	0.39% → 0.69%	▼ −16.0%
4	Nov 10, 2022	▼ −27 bp	1.70% → 1.43%	▲ +10.7%
5	Jun 15, 2022	▼ −26 bp	0.89% → 0.63%	▲ +1.6%
6	Sep 28, 2022	▼ −25 bp	1.64% → 1.39%	▲ +1.7%
6	Oct 3, 2022	▼ −25 bp	1.68% → 1.43%	▲ +3.0%
8	Sep 26, 2022	▲ +24 bp	1.32% → 1.56%	▲ +2.2%
9	Feb 28, 2022	▼ −22 bp	-0.57% → -0.79%	▲ +14.5%
10	Mar 10, 2020	▲ +21 bp	-0.45% → -0.24%	▼ −0.2%
10	Mar 23, 2020	▼ −21 bp	0.17% → -0.04%	▲ +10.1%
12	Jun 14, 2022	▲ +20 bp	0.69% → 0.89%	▼ −1.2%
13	Mar 18, 2015	▼ −19 bp	0.42% → 0.23%	▼ −10.2%
13	Feb 25, 2021	▲ +19 bp	-0.79% → -0.60%	▼ −5.3%
13	Mar 10, 2023	▼ −19 bp	1.63% → 1.44%	▼ −0.9%

Real yield change = the day’s 10-year inflation-indexed constant-maturity Treasury yield (FRED series DFII10, percent) minus the previous published day’s, in basis points; days without a published yield (weekends, US market holidays) are skipped.¹ BTC same day = Yahoo Finance’s BTC-USD close at the 00:00 UTC day boundary on the date, over the previous day’s.² The yield is a US market-close figure and bitcoin trades around the clock, so the two moves cover slightly different hours. Ranks are by size of the move, up or down; ties share a rank. Observed facts, not a forecast.

The top 5

6 of the 15 moves were rises and 9 were falls. For the ordinary 10-year yield, see the biggest 10-year yield moves; for the year-end picture, real yields, breakeven inflation and bitcoin, year by year.

Mar 20, 2020

▼ −45 bp

The 10-year real yield fell 45 basis points, from 0.62% on Mar 19, 2020 to 0.17%.¹ Bitcoin’s UTC close that day was +0.1% against the day before.²

Mar 17, 2020

▲ +39 bp

The 10-year real yield rose 39 basis points, from 0.00% on Mar 16, 2020 to 0.39%.¹ Bitcoin’s UTC close that day was +4.2% against the day before.²

Jun 13, 2022

▲ +30 bp

The 10-year real yield rose 30 basis points, from 0.39% on Jun 10, 2022 to 0.69%.¹ Bitcoin’s UTC close that day was -16.0% against the day before.²

Nov 10, 2022

▼ −27 bp

The 10-year real yield fell 27 basis points, from 1.70% on Nov 9, 2022 to 1.43%.¹ Bitcoin’s UTC close that day was +10.7% against the day before.²

Jun 15, 2022

▼ −26 bp

The 10-year real yield fell 26 basis points, from 0.89% on Jun 14, 2022 to 0.63%.¹ Bitcoin’s UTC close that day was +1.6% against the day before.²

Sources

Federal Reserve Bank of St. Louis, FRED, Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed (DFII10), daily series from 2014-09-02 to 2026-11-09, retrieved 2026-11-12.
Yahoo Finance chart API, BTC-USD daily close (00:00 UTC day boundary), 2014-09-17 to 2026-11-10, retrieved 2026-11-12. A day’s bitcoin move is that day’s close divided by the previous calendar day’s close, minus 1.

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