wpf - binding stringformat on label using string literal

I've binded the tooltip of a slider control to it's Value property and i'm trying to use StringFormat to make it display "Current Value {0} of 10" where the {0} is the Value property. Below is one of the various things I tried when trying to figure this out.

<Slider.ToolTip>
  <Label>
    <Label.Content>
      <Binding StringFormat="Current Value {0} of 10"
               ElementName="DebugLevelSlider"
               Path="Value" />
    </Label.Content>
  </Label>
</Slider.ToolTip>

I am having issues finding examples online of how to use stringformat with string literals such as mine above. I see a lot of stringformat date/time/currency format conversion. I think I have a way to do this with a multibinding but it just seems like an extra amount of work than necessary. I hope that for string literal formatting I still do not have to write a custom converter.

In my app I find myself using a lot of extra labels next to items so getting an understanding in the stringformat will hopefully let me eliminate some of those unnecessary labels.