Global Issuance
The most liquid instruments are Treasury Inflation-Protected Securities (TIPS), a type of US Treasury security, with about $500 billion in issuance. The other important inflation-linked markets are the UK Index-linked Gilts with over $300 billion outstanding and the French OATi/OAT€i market with about $200 billion outstanding. Germany, Canada, Greece, Australia, Italy, Japan, Sweden and Iceland also issue inflation-indexed bonds, as well as a number of Emerging Markets, most prominently Brazil.
| Country | Issue | Issuer | Inflation Index |
|---|---|---|---|
| United States | Treasury Inflation-Protected Securities (TIPS) | US Treasury | US Consumer Price Index |
| United States | Series I Inflation-Indexed Savings Bonds (I-Bonds - domestic retail bonds) | US Treasury | US Consumer Price Index |
| United Kingdom | Index-linked Gilt | UK Debt Management Office | Retail Price Index (RPI) |
| United Kingdom | Index-linked Savings Certificates (domestic retail bonds) | National Savings and Investments | Retail Price Index (RPI) |
| France | OATi and OAT€i | Agence France Trésor | France CPI ex-tobacco (OATi), EU HICP ex-tobacco (OAT€i) |
| Canada | Real Return Bond (RRB) | Bank of Canada | Canada All-Items CPI |
| Australia | Capital Indexed Bonds (CAIN series) | Department of the Treasury (Australia) | Weighted Average of Eight Capital Cities: All-Groups Index |
| Germany | Bund index. and BO index. | Bundesrepublik Deutschland Finanzagentur | EU HICP ex Tobacco |
| Greece | EU HICP ex Tobacco | ||
| Hong Kong | iBond (domestic retail bonds) | Hong Kong Government | Composite Consumer Price Index |
| Italy | BTP€i | Department of the Treasury | EU HICP ex Tobacco |
| Japan | JGBi | Ministry of Finance (Japan) | Japan CPI (nationwide, ex-fresh-food) |
| Sweden | Index-linked treasury bonds | Swedish National Debt Office | Swedish CPI |
| Iceland |
Read more about this topic: Inflation-indexed Bond
Famous quotes containing the word global:
“Ours is a brand—new world of allatonceness. “Time” has ceased, “space” has vanished. We now live in a global village ... a simultaneous happening.”
—Marshall McLuhan (1911–1980)