breakeven rates

http://www.bloomberg.com/apps/news?pid=20602007&sid=afq5XtpL8fBs

Investors have now discounted the possibility of deflation, judging by so-called breakeven rates. The difference between Treasury Inflation Protected Securities and nominal Treasuries of all maturities longer than one year closed above zero yesterday for the first time since Oct. 14. The breakeven rate turns negative when investors expect prices to fall.