Observations

Oct 2025: 2.31

Updated: Nov 3, 2025 4:03 PM CST

Units:

Percent,

Not Seasonally Adjusted

Frequency:

Monthly

Notes

Title	Release Dates

10-Year Breakeven Inflation Rate	2014-05-16	2025-11-03

Source

Federal Reserve Bank of St. Louis	2014-05-16	2025-11-03

Release

Interest Rate Spreads	2014-05-16	2025-11-03

Units

Percent	2014-05-16	2025-11-03

Frequency

Monthly	2014-05-16	2025-11-03

Seasonal Adjustment

Not Seasonally Adjusted	2014-05-16	2025-11-03

Notes

The breakeven inflation rate represents a measure of expected inflation derived from 10-Year Treasury Constant Maturity Securities (https://fred.stlouisfed.org/series/GS10) and 10-Year Treasury Inflation-Indexed Constant Maturity Securities (https://fred.stlouisfed.org/series/FII10). The latest value implies what market participants expect inflation to be in the next 10 years, on average.	2014-05-16	2019-06-20
The breakeven inflation rate represents a measure of expected inflation derived from 10-Year Treasury Constant Maturity Securities (DGS10 (https://fred.stlouisfed.org/series/DGS10)) and 10-Year Treasury Inflation-Indexed Constant Maturity Securities (DFII10 (https://fred.stlouisfed.org/series/DFII10)). The latest value implies what market participants expect inflation to be in the next 10 years, on average. Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department (https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield).	2019-06-21	2025-11-03

10-Year Breakeven Inflation Rate (T10YIEM)