Federal Reserve Bank of San Francisco: 'German Inflation-Linked Bonds: Overpriced, Yet Undervalued'
February 12, 2025
February 12, 2025
SAN FRANCISCO, California, Feb. 12 (TNSres) -- The Federal Reserve Bank of San Francisco issued the following white paper (No. 2025-03) on Feb. 5, 2025, by Jens Christensen, Sarah Mouabbi, and Caroline Paulson entitled "German Inflation-Linked Bonds: Overpriced, yet Undervalued."
Here are excerpts:
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We document that German inflation-linked government bond yields contain a convenience or safety premium averaging 0.33 percent. Yet, the German F . . .
Here are excerpts:
* * *
We document that German inflation-linked government bond yields contain a convenience or safety premium averaging 0.33 percent. Yet, the German F . . .