10-Year Breakeven Inflation Rate (T10YIE)
10-Year Breakeven Inflation Rate — Historical Chart
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10-Year Breakeven Inflation Rate (FRED series T10YIE) is a daily inflation indicator measured in percent. The series is published through FRED, the Federal Reserve Bank of St. Louis economic database, with history going back to 2003.
Why it matters: 10-Year Breakeven Inflation Rate is one of the indicators traders, economists, and policymakers watch within the inflation complex. Investors and policymakers track it to gauge price pressures in the economy, since persistent moves feed directly into Federal Reserve rate decisions and real returns on assets.
How to read it: focus on the direction and persistence of changes rather than any single daily print. Comparing the latest value against its level a year ago, and against its long-run range since 2003, gives a better sense of whether the series is signaling acceleration, deceleration, or a turning point.
About This Series
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).
Recent Data
| Date | Value (%) | Change |
|---|---|---|
| June 10, 2026 | 2.34% | +0.01 |
| June 9, 2026 | 2.33% | -0.02 |
| June 8, 2026 | 2.35% | -0.01 |
| June 5, 2026 | 2.36% | +0 |
| June 4, 2026 | 2.36% | -0.02 |
| June 3, 2026 | 2.38% | -0.01 |
| June 2, 2026 | 2.39% | -0.01 |
| June 1, 2026 | 2.40% | +0.02 |
| May 29, 2026 | 2.38% | -0.01 |
| May 28, 2026 | 2.39% | +0 |
| May 27, 2026 | 2.39% | -0.01 |
| May 26, 2026 | 2.40% | +0 |
Frequently Asked Questions
What is 10-Year Breakeven Inflation Rate today?
The latest value of 10-Year Breakeven Inflation Rate (T10YIE) is shown at the top of this page, along with its observation date and the change from the prior reading. Data is sourced from FRED and refreshed regularly.
How often is 10-Year Breakeven Inflation Rate updated?
10-Year Breakeven Inflation Rate is reported daily (Daily). New observations appear on FRED shortly after the source agency releases them, and this page updates daily.
What does a rising 10-Year Breakeven Inflation Rate mean?
A sustained rise in 10-Year Breakeven Inflation Rate signals strengthening readings in this inflation measure, in percent. Whether that is positive or negative for markets depends on context — compare the move against the series’ trend and related indicators in the same category.
Where does the T10YIE data come from?
The data comes from FRED® (Federal Reserve Economic Data), maintained by the Federal Reserve Bank of St. Louis, under series ID T10YIE. History is available back to 2003.
Related Inflation Indicators
- Consumer Price Index for All Urban Consumers: All Items in U.S. City Average333.98
- Consumer Price Index for All Urban Consumers: All Items Less Food and Energy in U.S. City Average336.12
- Personal Consumption Expenditures: Chain-type Price Index130.9
- Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed2.2
- Market Yield on U.S. Treasury Securities at 5-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed1.82
- 5-Year Breakeven Inflation Rate2.44
Data sourced from FRED®, Federal Reserve Bank of St. Louis: 10-Year Breakeven Inflation Rate (T10YIE). Retrieved from fred.stlouisfed.org. Last updated June 10, 2026.