The Big Bet of 10-Year Breakevens at 0.94%
March 12, 2020 at 09:14 AM EDT
With current median inflation around 2.9%, 10-year breakevens are being priced at 0.94%. That represents a real yield of about -0.23% for 10-year TIPS and a nominal yield of about 0.71% for 10-year Treasuries.