Tuesday, May 21, 2013
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Inflation-linked Treasury Bonds
Inflation-linked Treasury Bonds are long-term bonds with annual interest payment with inflation-calculated principal payable at maturity. Treasury Bonds are inflation-linked using the Consumer Price Index.
Inflation-linked Treasury Bonds were first issued in 1964 and were referred to as 'Savings Bonds', indicating their role to promote savings among the general population. Currently, there are three Inflation-linked Treasury Bonds outstanding. One series, RIKS 15 1001, (zero-coupon) is a former benchmark series and been removed from the Primary Dealer Agreements. Another is a series of Bonds, RIKS 21 0414, first auctioned on April 9th 2010 and the third series is RIKS 30 0701 issued in July 2011, not yet a benchmark series.
Since HFF-Bonds are government-backed securities issued in large series they have assumed the role of inflation-linked benchmarks.
Series listed on NASDAQ OMX Exchange Iceland can be seen
here:
For more information on Inflation-linked Treasury Bonds select Market overview or select a Bond from the menu of index-linked securities on the right.
Related Links
The Government Debt Management
The official website of the Government Debt Management - Central Bank of Iceland
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Fixed Income
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Treasury Bills
Nominal Treasury Bonds
Inflation-linked Treasury Bonds
HFF - Bonds
Corporate bonds
Primary Dealers
Settlement
Bank holidays
Indexation
Taxation
Icelandic Krona
Related files
Treasury Bonds
Calculation examples for Treasury Bonds (index-linked)
Agreement 2009
Agreement regarding Market Making in Government Securities
Presentation - New issue RIKS 21 0414
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Yield Curve
Indexed
Non-Indexed
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100 %
150 %
200 %
400 %
Non-Indexed
Price
Yield
RIKV 13 0618
99.45
7.11%
RIKV 13 0715
98.99
6.68%
RIKV 13 0815
98.46
6.53%
RIKV 13 0916
97.93
6.45%
RIKV 13 1015
97.44
6.42%
RIKV 13 1115
97.00
6.26%
RIKB 14 0314
100.75
3.78%
RIKB 15 0408
101.00
3.93%
RIKB 16 1013
105.20
4.31%
RIKB 19 0226
116.92
5.26%
RIKB 22 1026
107.00
6.24%
RIKB 25 0612
113.70
6.34%
RIKB 31 0124
98.90
6.60%
Indexed
Price
Yield
RIKS 21 0414
111.31
2.22%
HFF150224
107.05
2.44%
HFF150434
111.00
2.65%
HFF150644
114.01
2.76%
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CPI Change
1M
3M
12M
Current Value
410.70
12 Months Change*
3.95%
3 Months Change*
8.73%
Last Month Change
0.20%
Daily CPI
411.22
* Annualized rates
Exchange rate
More
ISK
1000
1000
EUR
158.45
158.85
USD
122.79
123.1
GBP
186.24
186.71
JPY
1.20
1.20
NOK
21.20
21.25
SEK
18.52
18.57
DKK
21.26
21.31
CHF
126.77
127.09
TWI
215.39
215.53
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