← Browse all charts What is the bond market pricing for inflation over the next five years?
5-Year Breakeven Inflation Rate
A market-implied inflation chart that tracks the 5-year breakeven rate, which helps separate growth scares from inflation scares when rates start driving the tape.
The deep history is for NASDUCK paid members.
This free chart covers the last five years. Everything older, plus the CSV and JSON downloads, comes with a paid NASDUCK subscription.
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The latest series values and a keyboard-readable date table are below the chart. CSV and JSON downloads are for NASDUCK paid members.
Dates & readable data
Selected historical events
Curated anchors for market context, rather than a complete news feed. Toggle markers above to place them on the chart.
How To Read It
- Rising breakevens usually mean inflation expectations are firming, while falling breakevens usually point to softer nominal-growth expectations.
- This chart is most useful when yields are moving because it helps tell you whether the move is about inflation, growth, or both.
- Pair it with the 10-year yield and the yield curve because rates matter more once you know what kind of macro message they are sending.
Next step Charts show what moved. NASDUCK asks why.
Rates, the dollar, oil and gold all end up in the Nasdaq-100 eventually. NASDUCK follows that trail once a week and keeps score on its own calls.