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Apr 22, 2023Liked by Jussi Ahokas

Ensinnäkin iso kiitos mielenkiintoisesta blogista.

Esim „YOY“, „MOM“ ovat vielä tuttuja lyhenteitä, mutta mikä on 1Y1Y? Ja ILS tuossa E. Schnabelin esityksen taukukossa?

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1y1y = one year, one year forward.

ILS contract = ILS contracts exchange at maturity the fixed swap rate agreed in advance against the average inflation rate realised over the life of the swap, with both rates applied to a notional amount. Unlike break-even inflation rates derived from inflation-linked and nominal sovereign bonds issued by specific euro area member states, ILS rates are less affected by market liquidity issues.

EKP käyttää ILS korkoa arvioidessaan markkinoiden inflaatio-odotuksia. Ks. https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202108_04~e1a3c5e88a.en.html

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