This graph took a me a bit by Surprise after today’s Benign CPI and Fridays Wage data. From bond Economics “The breakeven inflation rate is a market-based measure of expected inflation. It is the difference between the yield of a nominal bond and an inflation-linked bond of the same maturity” I am not looking for breakeven rates to predict what Inflation will be to the nearest tenth i am looking at the direction of breakeven rates,higher or lower.You can see by graph below that breakeven Inflation rates moving higher