20-year Breakeven Inflation Rate

Inflation · FRED/Treasury · T20YIEM

HIGH▲ 2-yr high

What this measures. The breakeven inflation rate represents a measure of expected inflation derived from 20-Year Treasury Constant Maturity Securities (DGS20 (https://fred.stlouisfed.org/series/DGS20)) and 20-Year Treasury Inflation-Indexed Constant Maturity Securities (DFII20 (https://fred.stlouisfed.org/series/DFII20)). The latest value implies what market participants…Percent · Monthly · Not Seasonally Adjusted

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The latest reading sits at HIGH relative to this series' own history (263 observations) — a statement of where it is in its range, not a forecast. Hover the chart for values; the marked point is the most recent observation.

As of 2026-05-01 · source: FRED / U.S. Treasury · series T20YIEM