Hello,

My question concerns more macro-economic than bond trading: in fact, I am looking for a proxy to monitor real interest rates in the Eurozone.

But to begin with, I can't even find the history (unit in [%] of return) of a "bond linked inflation" - like the American TIPS - (maturity 5 or 10 years), just for Germany or France : any idea, a link with an ISIN code leading to a history?

Regards.

Maybe you can find here what you are looking for.
https://www.imf.org/en/search#q=inflation&sort=relevancy

Thank you for the answer.
I found this URL (which uses MFI's data): https://www.indexmundi.com/facts/indicators/FR.INR.RINR/map/europe .

But I would like to find historical variations in percentage of a bond like a French OATei or an equivalent German "bund" (maturity 5 or 10 years) ==> I'll look at the BoD and BoF, hoping to see under which tickers\ISIN they emit...

➔ A correct proxy ( for the real rate ) could be: Euribor 3 months [%] - inflation [%] .

• sources of evaluation (select: data=only Euro area with changing composition; representation=curve):
- https://ec.europa.eu/eurostat/tgm/graph.do?tab=graph&plugin=1&pcode=teimf040&language=en&toolbox=type .
- https://ec.europa.eu/eurostat/tgm/graph.do?tab=graph&plugin=1&pcode=tec00118&language=en&toolbox=type .

• other sources to "cross-reference" corroborate:
- https://www.euribor-rates.eu/fr/taux-euribor-actuels/2/euribor-taux-3-mois/ .
- https://www.global-rates.com/fr/inflation/ipch/3/europe/ .

In summary, UE is on the edge of a persistent economic deflation, with negative real rates, but an increasing yield curve: the future is considered gloomy, but less than the current situation. In short, the "monetary helicopter" should\could sooner or later take off again (purchase of badwill of all kinds).