macro_real-yield
Calculate real yield and breakeven inflation from nominal yields, using TIPS yield or inflation expectation.
Instructions
Real yield and breakeven inflation from nominal yields.
Use when computing real yield and breakeven inflation. Provide nominal yield and inflation expectation (or TIPS yield). Returns: real yield, breakeven inflation rate, and inflation risk premium estimate.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| tips_yield | No | TIPS real yield (percentage, alternative to inflation_expectation) | |
| tenor_years | No | Bond tenor in years | |
| nominal_yield | Yes | Nominal bond yield (percentage) | |
| inflation_expectation | No | Expected inflation rate (percentage) |