Yield after inflation · Edition 2
364-day bill: 6.47% (9 Sep 2026), against 4.3% inflation (Aug 2026)
The recorded 364-day auction yield was 6.47%, compared with the BoT dated-position inflation reading of 4.30% for Aug 2026. This is a simple nominal gap, not a realised real return.
The chart subtracts the BoT current-position inflation rate from the latest published 364-day weighted-average auction yield. The records have independent clocks and are shown without interpolation.
The numbers
| Measure | Date / period | Value (%) |
|---|---|---|
| Inflation | Aug 2026 | 4.3 |
| Real gap | Aug 2026; 2026-09-09 | 2.17 |
| 364-day bill | 9 Sep 2026 | 6.47 |
What changed
The recorded 364-day auction yield was 6.47%, compared with the BoT dated-position inflation reading of 4.30% for Aug 2026. This is a simple nominal gap, not a realised real return.
Why it matters
The 2.17pp nominal gap is before tax and costs and is not a realised inflation-adjusted return.
Method and limits
The chart subtracts the BoT current-position inflation rate from the latest published 364-day weighted-average auction yield. The records have independent clocks and are shown without interpolation.
Continue to government securities →