Inflation-Linked Bond Yield by Country

Why compare Inflation-Linked Bond Yield across countries?

Real yields are arguably the cleanest single driver of major-pair FX over a multi-month horizon. Rising US 10-year real yields, in particular, pull capital toward USD and weigh on gold; falling US real yields do the opposite. Real-yield differentials between countries are a better FX signal than nominal-yield differentials when inflation expectations diverge.

How to read the country list

Track the level and direction of the 10-year real yield in each currency. Compare across currencies in pairs. Cross-reference the move with breakeven_inflation_rate to decompose nominal-yield moves into real-yield and inflation-expectations components.