{
  "title": "The Ties that Bind: Measuring International Bond Spillovers Using Inflation-Indexed Bond Yields",
  "publication": "IMF Working Papers, June 1, 2007",
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  "summary": "This paper explores international bond spillovers using daily and intra-day data on yields on inflation-indexed bonds and associated inflation expectations for the United States, Australia, Canada, France, Sweden, Japan, and the United Kingdom. The analysis starts in 2002, by which point U.S.",
  "sections": [
    {
      "heading": "Data and scope",
      "content": "- Daily and intra-day data on yields on inflation-indexed bonds and associated inflation expectations for: United States, Australia, Canada, France, Sweden, Japan, and the United Kingdom.\n- Analysis period begins in 2002, \"by which point U.S. inflation-indexed markets were fully mature.\"\n- Publication specifics: Pages: 40; Volume: 2007; Issue: 128; Series: Working Paper No. 2007/128; DOI: https://doi.org/10.5089/9781451866926.001; Stock No: WPIEA2007128; ISBN: 9781451866926; ISSN: 1018-5941."
    },
    {
      "heading": "Key findings on real bond yields",
      "content": "- Real bond yields are closely linked across countries.\n- Developments in U.S. markets determine around half of real foreign yields.\n- No evidence of spillovers from foreign markets back to the United States."
    },
    {
      "heading": "Key findings on inflation expectations",
      "content": "- Spillovers in inflation expectations are smaller than for real yields.\n- The direction of causation for inflation expectations spillovers is less clear."
    },
    {
      "heading": "Subject classifications and keywords",
      "content": "- Subject: Bond yields, Inflation, Inflation-indexed bonds, Real interest rates, Spillovers\n- Keywords: real interest rate, WP, yield\n\nSource: IMF Working Papers — \"The Ties that Bind: Measuring International Bond Spillovers Using Inflation-Indexed Bond Yields\" by Andrew J Swiston and Tamim Bayoumi, June 1, 2007.\n\n---\n\n Content in this bundle\n\n- Wp07128\n  - Wp07128 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Wp07128 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/the-ties-that-bind-measuring-international-bond-spillovers-using-inflation-indexed-bond-20989"
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    "Authors: Andrew J Swiston, Tamim Bayoumi",
    "Published: June 1, 2007",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451866926.001",
    "Daily and intra-day data on yields on inflation-indexed bonds and associated inflation expectations for: United States, Australia, Canada, France, Sweden, Japan, and the United Kingdom.",
    "Analysis period begins in 2002, \"by which point U.S. inflation-indexed markets were fully mature.\"",
    "Publication specifics: Pages: 40; Volume: 2007; Issue: 128; Series: Working Paper No. 2007/128; DOI: https://doi.org/10.5089/9781451866926.001; Stock No: WPIEA2007128; ISBN: 9781451866926; ISSN: 1018-5941.",
    "Real bond yields are closely linked across countries.",
    "Developments in U.S. markets determine around half of real foreign yields.",
    "No evidence of spillovers from foreign markets back to the United States.",
    "Spillovers in inflation expectations are smaller than for real yields.",
    "The direction of causation for inflation expectations spillovers is less clear.",
    "Subject: Bond yields, Inflation, Inflation-indexed bonds, Real interest rates, Spillovers",
    "Keywords: real interest rate, WP, yield",
    "**Wp07128**"
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