Here are years where inflation increased and the associated return for stock prices, Treasury returns, and (expected) Treasury yields:
| Date | Inflation (CPI) | S&P 500 | 10-year Treasury Return | 10-year Treasury Yield |
|---|---|---|---|---|
| 1969 | 6.16% up from 4.69% | -8.24% | -5.01% | 7.88% |
| 1973 | 9.60% up from 3.64% | -14.66% | 3.66% | 6.90% |
| 1974 | 11.75% up from 9.60% | -26.47% | 1.99% | 7.40% |
| 1977 | 6.81% up from 5.20% | -7.18% | 1.29% | 7.78% |
| 1979 | 13.87% up from 9.25% | 18.44% | 0.67% | 10.33% |
| 2005 | 4.01% up from 2.85% | 4.91% | 2.87% | 4.39% |
| 2021 | 7.53% up from 1.36% | 28.71% | -4.42% | 1.52% |
CPI is the U.S. Consumer Price Index.
The following are the returns and yields on a day that the inflation rate was announced:
2/13/2024: Â Expected 2.9%; Actual 3.1%; S&P Down 1.4%; T yield up to 4.315% from 4.293%