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Are there treasury bond type instruments based on non-temporal maturation horizons? For example a climate bond that yields when average temperature rise crosses 2c by some official measure?
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Then the question of who would issue them becomes pretty important - only the government could have that kind of solidity to base monetary policy off. But also, why would these be useful? Bonds are usually a financing mechanism
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That’s why I specified treasury bonds. They determine currency strength. Valuation in the international bond market is based on a vague sense of a country’s future economic prospects vs current debts etc. Am wondering if that can be made less vague.
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