Federal Reserve Economic Data

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Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis - 5-Year, 5-Year Forward Inflation Expectation Rate

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(a) 5-Year, 5-Year Forward Inflation Expectation Rate, Percent, Not Seasonally Adjusted (T5YIFR)
This series is a measure of expected inflation (on average) over the five-year period that begins five years from today. This series is constructed as: (((((1+((BC_10YEAR-TC_10YEAR)/100))^10)/((1+((BC_5YEAR-TC_5YEAR)/100))^5))^0.2)-1)*100 where BC10_YEAR, TC_10YEAR, BC_5YEAR, and TC_5YEAR are the 10 year and 5 year nominal and inflation adjusted Treasury securities. Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department (https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield).

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(b) Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis, Percent, Not Seasonally Adjusted (DGS10)
H.15 Statistical Release (https://www.federalreserve.gov/releases/h15/current/h15.pdf) notes and Treasury Yield Curve Methodology (https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/yieldmethod.aspx). For questions on the data, please contact the data source (https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/releases/h15/%). For questions on FRED functionality, please contact us here (https://fred.stlouisfed.org/contactus/).</p>

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    Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis - 5-Year, 5-Year Forward Inflation Expectation Rate
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    Notes

    5-Year, 5-Year Forward Inflation Expectation Rate  (T5YIFR)

    Source: Federal Reserve Bank of St. Louis  

    Release: Interest Rate Spreads

    Units:  Percent, Not Seasonally Adjusted

    Frequency:  Daily

    Notes:

    This series is a measure of expected inflation (on average) over the five-year period that begins five years from today.

    This series is constructed as:
    (((((1+((BC_10YEAR-TC_10YEAR)/100))^10)/((1+((BC_5YEAR-TC_5YEAR)/100))^5))^0.2)-1)*100

    where BC10_YEAR, TC_10YEAR, BC_5YEAR, and TC_5YEAR are the 10 year and 5 year nominal and inflation adjusted Treasury securities.
    Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department.

    Suggested Citation:

    Federal Reserve Bank of St. Louis, 5-Year, 5-Year Forward Inflation Expectation Rate [T5YIFR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/T5YIFR, April 3, 2025.

    Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis  (DGS10)

    Source: Board of Governors of the Federal Reserve System (US)  

    Release: H.15 Selected Interest Rates  

    Units:  Percent, Not Seasonally Adjusted

    Frequency:  Daily

    Notes:

    For further information regarding treasury constant maturity data, please refer to the H.15 Statistical Release notes and Treasury Yield Curve Methodology.

    For questions on the data, please contact the data source. For questions on FRED functionality, please contact us here.

    Suggested Citation:

    Board of Governors of the Federal Reserve System (US), Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis [DGS10], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DGS10, April 3, 2025.

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    H.15 Selected Interest Rates

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    Other Formats

    5-Year, 5-Year Forward Inflation Expectation Rate

    Monthly, Not Seasonally Adjusted

    Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis

    Annual, Not Seasonally Adjusted Monthly, Not Seasonally Adjusted Weekly, Not Seasonally Adjusted

    Related Categories

    Interest Rate Spreads Interest Rates Money, Banking, & Finance Treasury Constant Maturity

    Releases

    More Series from Interest Rate Spreads More Series from H.15 Selected Interest Rates

    Tags

    Spread Daily Interest Rate Interest St. Louis Fed 5-Year Inflation Rate Copyrighted: Citation Required Nation Not Seasonally Adjusted United States of America 10-Year Maturity H.15 Selected Interest Rates Treasury Board of Governors Public Domain: Citation Requested

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