The yield gap between conventional and index-linked Treasuries, a measure of inflation expectations, has risen by more than 0.3 percentage points this year.
But inflation expectations, derived from the gap between yields on index-linked and conventional bonds, hardly suggest fears of a Zimbabwe-style debasement.
但是，由指数连动债券与一般债券的息差产生的通胀预期，不会引起津巴布韦式货币贬值的恐慌。
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Markets seem to view that as close to zero: interest rates on index-linked bonds in the France, Germany, the UK and US are about 1 per cent.