Where can you view the real yield of Eurozone inflation linked government bonds? A web search didn't turn out anything really useful.
This recent thread hinted at the product pages of iShares ETFs where also the real yield is specified (these are intermediate term ETFs, 7.9 and 9.4 effective duration).
- iShares Euro Inflation Linked Government Bonds - real yield 0.5%
- iShares Global Inflation Linked Govt Bond - real yield 1.18%
- iShares Global Inflation Linked Govt Bond - EUR HEDGED - real yield 1.18%
The most reliable number for the real yield is probably on the first one (Euro inflation linked government bonds). However, you have to account for the credit risk of Italy (27% of this ETF), and France (41% of this ETF), whose 10 year nominal bond yields are quite higher than the German ones (German 2.1%, France 2.7%, Italy 4.5%), reflecting lower credit quality.
So the actual "treasury" real yield (i.e. the one you would get for really safe, i.e. German inflation-linked bonds - and also EUR hedged US TIPS) would be quite lower than the 0.5%, I'd estimate 1% lower based on the abovementioned differences in yield between Germany and other Euro countries, giving us -0.5%. Does this sound about right?
Are there any official places (like the US treasury) that publish the real yield curve on Eurozone government bonds? (ideally for the individual countries' bonds).