Break-even rate of inflation
Unless otherwise defined, the difference in net yield between a conventional, nominal bond and the yield from an inflation-indexed bond with the same (remaining) maturity. – See third pillar, issue, indexed, haven, safer, inflation expectations, index bond, index fund, swap, inflation-indexed, yield curve, interest rate swap. – Cf. Deutsche Bundesbank Monthly Report of October 2006, p. 17, p. 41 (measure of market participants’ expectations), Deutsche Bundesbank Monthly Report of August 2007, p. 36 f. (calculations; overviews; references), ECB Monthly Report of September 2007, p. 42 ff. (Seasonal patterns of the break-even inflation rate; comparison with inflation-indexed swap rates; overviews), ECB Monthly Bulletin of April 2008, pp. 26 ff. (Liquidity premia and break-even inflation rate: explanations, overviews), ECB Monthly Bulletin of September 2008, pp. 46 ff. (Development of the break-even inflation rate; explanatory deficits), ECB Monthly Report of November 2008, p. 41 (Reasons for deviations; overview), ECB Monthly Report of December 2009, pp. 46 ff. (Development of the break-even inflation rate 2004 to 2009; overviews), ECB Monthly Report of December 2010, p. 41 (extrapolation to November 2010), ECB Monthly Report of December 2011, pp. 49 ff. (development in the wake of the sovereign debt crisis; overviews), Deutsche Bundesbank Monthly Report of July 2013, pp. 41 f. (break-even inflation rate since 2008; calculation issues; overview).
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