The new 1.25% 21 August 2040 Treasury Indexed Bond has been priced. The $1.25bn issue kicked off a big week of ACGB issuance with several large tenders set to be held. Index bonds have the capital amount adjusted each quarter by the level of the CPI thus protecting investor’s capital from inflation. When bidding for index bonds, investors bid the yield that they will receive above inflation, the ‘real yield’....