Capisaga

Indicators · Money and rates · T10YIE

10-Year Breakeven Inflation Rate

What market participants expect inflation to be over the next ten years, on average.

Percent

2.32

−0.03 vs

History

10-year breakeven inflation Percent

2.3333 Week of 12 Oct 2026

10-year breakeven inflation, Percent10-Year Breakeven Inflation Rate, Percent. 10Y shown as weekly averages of daily observations. From Week of 17 Oct 2016 (1.6740) to Week of 12 Oct 2026 (2.3333). Low 0.6480 (Week of 16 Mar 2020); high 2.9540 (Week of 18 Apr 2022). 522 points.

Effective federal funds rate Percent

3.8800 Week of 12 Oct 2026

Effective federal funds rate, PercentFederal Funds Effective Rate, Percent. 10Y shown as weekly averages of daily observations. From Week of 17 Oct 2016 (0.4100) to Week of 12 Oct 2026 (3.8800). Low 0.0457 (Week of 27 Apr 2020); high 5.3300 (Week of 31 Jul 2023). 522 points.

Yuan per US dollar Chinese Yuan Renminbi to One U.S. Dollar

6.701100 Week of 5 Oct 2026

Yuan per US dollar, Chinese Yuan Renminbi to One U.S. DollarChinese Yuan Renminbi to U.S. Dollar Spot Exchange Rate, Chinese Yuan Renminbi to One U.S. Dollar. 10Y shown as weekly averages of daily observations. From Week of 17 Oct 2016 (6.744280) to Week of 5 Oct 2026 (6.701100). Low 6.279760 (Week of 16 Apr 2018); high 7.329980 (Week of 13 Jan 2025). 521 points.

10Y shown as weekly averages of daily observations. Averages are computed in the database from the latest vintage of each observation and shown to 4 decimal places. Full daily history is in the CSV. Compared series are drawn in separate panels on the same time axis, each with its own scale and units.

How to read it

What it measures
A measure of expected inflation derived from the 10-year Treasury yield and the 10-year inflation-indexed Treasury yield.
What it does not show
It is an imperfect measure of expected inflation: besides expected inflation, the spread also contains an inflation risk premium and a liquidity premium on inflation-protected securities, so it is not a pure reading of what markets expect.
Revisions
A daily series calculated by the Federal Reserve Bank of St. Louis from US Treasury data. Capisaga keeps every stored version, so a later correction is a new version, not an overwrite.

Freshness

Update frequency
Daily
Last observation
Last checked
Last retrieved

“Last checked” is when the pipeline last fetched this series from the source, whether or not anything changed. “Last retrieved” is when it last stored a new or revised value.

Source

Source: Federal Reserve Bank of St. Louis via FRED

Federal Reserve Bank of St. Louis, 10-Year Breakeven Inflation Rate [T10YIE], retrieved from FRED, Federal Reserve Bank of St. Louis on 16 Oct 2026.

Copyright status (per FRED): copyrighted: citation required.