CPI bonds set for growth, say dealers
Double issuance sparks hopes for inflation-linked swap market
Bankers expect the number of corporate bonds linked to the consumer prices index (CPI) measure of inflation to increase following the issuance of two sterling-denominated securities last week. While some believe it could provide hope for the CPI swap market, others believe this won’t occur until the UK changes its government bond issuance practices.
The retail prices index (RPI) has long been the market standard in the UK inflation market, but was dropped as an official measure by the UK’s
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