Policy Watch: The Introduction of Indexed Government Debt in the United States
描述了美国指数化政府债务市场发展的早期阶段，包括1997年首次发行的十年期和五年期通胀挂钩债券，以及后续非国债发行和零售产品的推出。
This article describes the early phases of the development of the market for indexed government debt in the United States. The first such bonds were issued in 1997--one set with a maturity of ten years, the other with a maturity of five years. In the wake of the Treasury issuance, several non-Treasury borrowers have issued indexed debt and several new index-linked products for retail customers have been introduced. As expected, the new indexed notes have 'outperformed' conventional nominal notes in the secondary markets for Treasury debt when bad news has become available about inflation and conversely.