Is this broken for a single token, or for any token that you are using it on? Is this broken for a single character, or for any character that you are using it on? Make sure that you don't have more than one character with the same name of Ulfgard Cordark (check archived characters as well). Try changing the name on the character sheet temporarily to something else like "TestCharacter" and see if 1) the linked name on the token also changes, and 2) if the macro now works. I just tried [[1d20+@{selected|initiative_bonus}&{tracker}]] and it worked for me. You may also be interested in my Universal Statblock Macromule approach for making rolls without opening the character sheet. You can also use this command as a universal macro for any character: %{selected|initiative}.