01761cas a2200253 a 4500 AALejournalIMF009319 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451866926 1018-5941 BD-DhAAL BD-DhAAL Swiston, Andrew. The Ties that Bind : Measuring International Bond Spillovers Using Inflation-Indexed Bond Yields / Andrew Swiston, Tamim Bayoumi. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (40 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper explores international bond spillovers using daily and intra-day data on yields on inflation-indexed bonds and associated inflation expectations for the United States, Australia, Canada, France, Sweden, Japan, and the United Kingdom. The analysis starts in 2002, by which point U.S. inflation-indexed markets were fully mature. Real bond yields are found to be closely linked across countries, with developments in U.S. markets determining around half of real foreign yields and no evidence of spillovers back to the United States. Spillovers in inflation expectations are smaller and the direction of causation is less clear. Mode of access: Internet Bayoumi, Tamim. IMF Working Papers; Working Paper ; No. 2007/128 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/128/001.2007.issue-128-en.xml IMF e-Library