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
2.32 15 Oct 2026
Effective federal funds rate Percent
3.88 14 Oct 2026
Broad US dollar index Index Jan 2006=100
121.6023 9 Oct 2026
1Y shown as daily observations. 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.