Historical Year Data · 2025

10Y Breakeven Inflation in 2025

10Y Breakeven Inflation opened 2025 at 2.34% and closed at 2.25%, a -3.85% move for the year. The high of 2.46% was reached on February 11, and the low of 2.17% on April 16.

Open

2.34%

2025-01

2.25%

249 data points

High

2.46%

Feb 11

Low

2.17%

Apr 16

Full Year Change

-3.85%

2024 Change

+5.88%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	2.34%	2.42%	2.45%	2.34%	+3.42%
Feb	2.45%	2.38%	2.46%	2.36%	-2.86%
Mar	2.36%	2.38%	2.39%	2.29%	+0.85%
Apr	2.33%	2.23%	2.33%	2.17%	-4.29%
May	2.25%	2.34%	2.37%	2.25%	+4.00%
Jun	2.33%	2.29%	2.33%	2.25%	-1.72%
Jul	2.29%	2.39%	2.45%	2.29%	+4.37%
Aug	2.33%	2.41%	2.43%	2.33%	+3.43%
Sep	2.41%	2.36%	2.41%	2.34%	-2.07%
Oct	2.35%	2.30%	2.35%	2.26%	-2.13%
Nov	2.31%	2.23%	2.31%	2.22%	-3.46%
Dec	2.24%	2.25%	2.26%	2.22%	+0.45%

Events During 2025

2025 US Tariff Shock

Stagflation

February – April 2025

The Trump administration imposed reciprocal tariffs averaging 25% on most trading partners in February-April 2025. Markets priced the most aggressive trade policy shift since 1930, with ripple effects across currencies, bond yields, and supply chains.

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