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Daily inflation-indexed bonds (also known as inflation-linked bonds or colloquially as linkers) are bonds where the principal is indexed to inflation or deflation on a daily basis in terms of the official Daily CPI or monetized daily indexed unit of account like the Unidad de Fomento in Chile and the Real Value unit of Colombia. They are thus designed to hedge the inflation risk of a bond.〔Unfortunately, income taxes bring some inflation risk back to such bonds. See tax on the inflation tax.〕 The first known inflation-indexed bond was issued by the Massachusetts Bay Company in 1780.〔(【引用サイトリンク】title=The Invention of Inflation-Indexed Bonds in Early America ), "Both Principal and Interest to be paid in the then current Money of said STATE, in a greater or less SUM, according as Five Bushels of CORN, Sixty-eight Pounds and four-seventh Parts of a Pound of BEEF, Ten Pounds of SHEEPS WOOL, and Sixteen Pounds of SOLE LEATHER shall then cost, more or less than One Hundred and Thirty Pounds current money, at the then current Prices of said ARTICLES.〕 The market has grown dramatically since the British government began issuing inflation-linked Gilts in 1981. As of 2008, government-issued inflation-linked bonds comprise over $1.5 trillion of the international debt market.〔cite news | last = Barclays Capital Research A | first = | authorlink = | coauthors = | title = Global Inflation-Linked Products: A User's Guide ===== | work = | publisher = | date = 2008-02-20 | url = | format = | doi = | accessdate = 2008-02-21 }}〕 The inflation-linked market primarily consists of sovereign bonds, with privately issued inflation-linked bonds constituting a small portion of the market. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Inflation-indexed bond」の詳細全文を読む スポンサード リンク
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