10-Year Breakeven Inflation Rate
Monthly
T10YIEM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.38
Year-over-Year Change
4.85%
Date Range
1/1/2003 - 7/1/2025
Summary
The T10YIEM represents the 10-Year Treasury Inflation-Indexed Security Yield, which tracks the real yield of inflation-protected government bonds. This metric provides critical insights into long-term market expectations about inflation and economic growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator measures the real interest rate for U.S. Treasury securities adjusted for expected inflation, reflecting investors' forward-looking economic expectations. Economists and investors closely monitor this trend to understand potential economic conditions and investment strategies.
Methodology
The data is calculated by the U.S. Treasury Department by comparing nominal Treasury yields with inflation-adjusted Treasury Inflation-Protected Securities (TIPS).
Historical Context
Central banks and policymakers use this trend to assess market sentiment, potential economic risks, and to inform monetary policy decisions.
Key Facts
- Represents real yield after accounting for inflation expectations
- Provides insight into long-term economic outlook
- Used by investors and policymakers to gauge economic conditions
FAQs
Q: What does the T10YIEM actually measure?
A: It measures the real yield of 10-year Treasury Inflation-Protected Securities, showing the inflation-adjusted return investors expect from government bonds.
Q: Why is this indicator important for investors?
A: It helps investors understand potential future inflation and real investment returns, guiding long-term investment strategies.
Q: How is this different from standard Treasury yields?
A: Unlike standard yields, this metric is adjusted for expected inflation, providing a more accurate representation of potential real returns.
Q: How do policymakers use this data?
A: Central banks and economic policymakers use this trend to assess market expectations and potentially adjust monetary policy.
Q: How frequently is this data updated?
A: The T10YIEM is typically updated monthly, providing current insights into market expectations and economic conditions.
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T3MFF
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T6MFF
5-Year Breakeven Inflation Rate
T5YIE
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BAAFF
6-Month Treasury Bill Minus Federal Funds Rate
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30-year Breakeven Inflation Rate
T30YIEM
Citation
U.S. Federal Reserve, Monthly [T10YIEM], retrieved from FRED.
Last Checked: 8/1/2025