Inflation expectations from the TIPS market have declined from the levels seen between October 2012 and April 2013, but in the range that prevailed from March 2012 until September 2012.
The Barclays 5-year/5-year forward breakeven inflation rate is currently at 2.41 percent, down about 6 bps 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.)
