The article examines the role of inflation-indexed financial instruments in reducing the uncertainty of real returns and improving the efficiency of long-term financial planning. It shows that traditional asset classes do not provide reliable protection against unforeseen inflationary shocks, which increases the risk for economic agents and reduces the supply of long-term capital. The article argues that expanding the market for price-indexed securities, from government and corporate bonds to derivatives, helps to stabilize the purchasing power of savings, create a benchmark real return curve, and improve the quality of price references in the economy. Institutional determinants of liquidity and fair valuation are analyzed, including the choice of index, the lag of indexation, the tax regime, and disclosure standards. An applied framework for assessing investment attractiveness is proposed, based on a comparison of expected real returns, risk profiles, post-tax returns, asset-liability matching, and correlation properties. It is shown that joint models of nominal and indexed bond yields allow for the decomposition of the observed "break-even point" into inflation expectations, risk premium, and liquidity component, thereby improving the quality of management decisions.
inflation-indexed bonds, real yield, inflation breakeven point, asset and liability management, long-term savings and investments
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