The Lyxor US$ 10Y Inflation Expectations UCITS ETF is a UCITS compliant exchange traded fund that aims to track the benchmark index Markit iBoxx USD Breakeven 10-Year Inflation Index. The index is representative of the performance of a long position in the 6 last issuances of U.S. 10-year Treasury Inflation-Protected securities and a short position in U.S. Treasury bonds with adjacent durations. The difference in yield between these bonds is commonly referred to as a 'breakeven rate of inflation' and is considered to be a measure of the market's expectations for inflation over a specified period of time.