It appears the UK’s index-linked gilts, at least, don’t have this structural issue.
See “redemption payments” on page 6 of this document, or put in a sufficiently large negative inflation assumption here.
It appears the UK’s index-linked gilts, at least, don’t have this structural issue.
See “redemption payments” on page 6 of this document, or put in a sufficiently large negative inflation assumption here.