Market inflation expectations fell 12 bps this week
The 10-year breakeven inflation rate (what bond markets expect inflation to average over the next decade) fell from 2.38% to 2.26% over the past week (as of 2026-11-04).
10-year breakeven inflation, %, 4 Nov 2026
2.26%
Recent readings
| Date | Reading | Change since |
| Now (Nov 4) | 2.26% | — |
| 1 day ago | 2.30% | ▼ -0.04 pts |
| 1 week ago | 2.38% | ▼ -0.12 pts |
| 1 month ago | 2.36% | ▼ -0.10 pts |
| 3 months ago | 2.26% | → +0.00 pts |
Why this matters
Breakeven inflation is what bond investors are actually betting inflation will average — real money, not a forecast. A sharp shift means the market is repricing how much of today's debt will be inflated away.
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