Inflation breakeven
Also written 5Y breakeven, breakeven inflation.
The 5-year Treasury yield less the 5-year real yield: the inflation rate the market expects.
Definition
A nominal Treasury yield less the real yield of the same maturity: the inflation rate the market expects over that term. Not to be confused with breakeven SOFR.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.