The Barclays 5-year/5-year forward breakeven inflation rate is currently at 2.88 percent, in the higher end of the range seen since January 2011, and up 6 basis points (bps) since the December 12 FOMC meeting.
(Note: The breakeven inflation rate is a measure of expected inflation derived from "nominal" Treasury securities and their "real" counterparts—inflation-protected TIPS securities.)
