Inflation-indexed bonds: how do they work?

Jeffrey Wrase

Business Review, 1997, issue Jul, 3-16

Abstract: In January 1997, the United States Treasury, after years of debate, issued its first inflation-indexed bonds. These securities differ from conventional bonds in that principal and interest payments are linked to a price index. Thus, the purchasing power of an investor's savings is protected from inflation. This article provides a simple description of the Treasury's new offering and discusses why indexed bonds may be useful to investors, the Treasury, and policymakers

Keywords: Inflation-indexed bonds; Indexation (Economics); Government securities (search for similar items in EconPapers)
Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://www.philadelphiafed.org/-/media/frbp/asset ... -august/brja97jw.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpbr:y:1997:i:jul:p:3-16

Ordering information: This journal article can be ordered from

Access Statistics for this article

Business Review is currently edited by Becca Sells

More articles in Business Review from Federal Reserve Bank of Philadelphia Contact information at EDIRC.
Bibliographic data for series maintained by Beth Paul ().