If you compare the yield on conventional bonds with the yield on the index-linked Treasury bond that matures in 2028, the result is an implied inflation rate of 2.4%.

如果比较一下传统债券和2028年到期的指数关联型国债的收益，结果是隐性通胀率为2.4%。

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If you compare the yield on conventional bonds with the yield on the index-linked Treasury bond that matures in 2028, the result is an implied inflation rate of 2.4%.

ECONOMIST: A very unusual sign of confidence in economic policy

The same phenomenon can be observed in the index-linked government-bond market, where both interest payments and the maturity value are pegged to inflation.

ECONOMIST: The remarkable demand for low-yielding government bonds