Inflation expectations from the TIPS market remain in the range of readings seen in the first eight months of 2011 but above the range that prevailed from August 2011 until September 2012.
The Barclays 5-year/5-year forward breakeven inflation rate is currently at 2.77 percent, unchanged from a week ago.
(Note: The breakeven inflation rate is a measure of expected inflation derived from "nominal" Treasury securities and their "real" counterparts—inflation-protected TIPS securities.)
