US 5-year breakeven inflation
Average inflation the bond market is pricing over the next five years.
- Latest
- 2.39%
- Previous
- 2.38%
- Change
- +0.01 pp
- Frequency
- Daily
General information only: nothing on TakeProfits takes into account your objectives, financial situation or needs, and it isn't personal financial advice or a recommendation to buy or sell anything. Consider whether it suits you and get advice from a licensed adviser before acting. Market data may be delayed and comes from third-party sources.
US 5-year breakeven inflation
Average inflation the bond market is pricing over the next five years.
- 5-year breakeven
- 2.39%
Data table
| Period | 5-year breakeven |
|---|---|
| 20 Oct 2026 | 2.39% |
| 19 Oct 2026 | 2.38% |
| 16 Oct 2026 | 2.37% |
| 15 Oct 2026 | 2.33% |
| 14 Oct 2026 | 2.36% |
| 13 Oct 2026 | 2.33% |
| 9 Oct 2026 | 2.34% |
| 8 Oct 2026 | 2.37% |
| 7 Oct 2026 | 2.37% |
| 6 Oct 2026 | 2.37% |
| 5 Oct 2026 | 2.36% |
| 2 Oct 2026 | 2.37% |
About this indicator
- What it measures
- The difference between the 5-year nominal Treasury yield and the 5-year inflation-protected (TIPS) yield.
- How it is calculated
- Calculated by the Federal Reserve Bank of St. Louis: 5-year Treasury constant-maturity yield − 5-year TIPS constant-maturity yield.
- How to read it
- If inflation averaged this rate, nominal Treasuries and TIPS would return the same. A rise means investors want more compensation for expected inflation.
- Caveats
- It is market pricing, not a forecast: it includes an inflation risk premium and is distorted by the lower liquidity of TIPS, especially in market stress.
- Frequency
- Daily
- Typical release
- Each business day, from the previous day's yields.
Sources
- 5-Year Breakeven Inflation Rate View at the source (opens in a new tab)
Recent observations
Newest first. For a calculated figure, the source value it comes from is shown beside it.
| Period | 5-year breakeven | First recorded here |
|---|---|---|
| 20 Oct 2026 | 2.39% | 20 Oct 2026 |
| 19 Oct 2026 | 2.38% | 20 Oct 2026 |
| 16 Oct 2026 | 2.37% | 20 Oct 2026 |
| 15 Oct 2026 | 2.33% | 20 Oct 2026 |
| 14 Oct 2026 | 2.36% | 20 Oct 2026 |
| 13 Oct 2026 | 2.33% | 20 Oct 2026 |
| 9 Oct 2026 | 2.34% | 20 Oct 2026 |
| 8 Oct 2026 | 2.37% | 20 Oct 2026 |
| 7 Oct 2026 | 2.37% | 20 Oct 2026 |
| 6 Oct 2026 | 2.37% | 20 Oct 2026 |
| 5 Oct 2026 | 2.36% | 20 Oct 2026 |
| 2 Oct 2026 | 2.37% | 20 Oct 2026 |
| 1 Oct 2026 | 2.36% | 20 Oct 2026 |
| 30 Sep 2026 | 2.36% | 20 Oct 2026 |
| 29 Sep 2026 | 2.34% | 20 Oct 2026 |
| 28 Sep 2026 | 2.33% | 20 Oct 2026 |
| 25 Sep 2026 | 2.34% | 20 Oct 2026 |
| 24 Sep 2026 | 2.33% | 20 Oct 2026 |
| 23 Sep 2026 | 2.34% | 20 Oct 2026 |
| 22 Sep 2026 | 2.32% | 20 Oct 2026 |
| 21 Sep 2026 | 2.33% | 20 Oct 2026 |
| 18 Sep 2026 | 2.31% | 20 Oct 2026 |
| 17 Sep 2026 | 2.32% | 20 Oct 2026 |
| 16 Sep 2026 | 2.35% | 20 Oct 2026 |
Revisions
We record a revision when a value we already hold changes at the source. Tracking began on 20 Oct 2026, so revisions made before then are not shown, and figures are in the source's own units.
No revisions detected
No stored value has changed since tracking began.
Related indicators
United States · Inflation and purchasing power