Search: bond
RBA Glossary definition for bond
bond – In general terms, a bond is a statement of debt with a medium to long term to maturity at the time it is issued. The holder of a bond is a lender to the issuer. As such, the statement gives the issuer an obligation to provide the holder with an income payment and/or a stream of income payments over the life of the bond and to repay the principal. The risk that the issuer cannot fulfil their obligation varies from issuer to issuer and over time.
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Conclusion
13 Dec 2022
RDP
2022-07
In addition, non-banks indirectly benefited from the take-up of the TFF, with the decline in bank bond issuance (largely owing to the TFF) contributing to a noticeable decline in ... Similarly, the decline in issuance also contributed to a decline in
https://www.rba.gov.au/publications/rdp/2022/2022-07/conclusion.html
Introduction
13 Dec 2022
RDP
2022-07
In addition, the TFF led to lower funding costs through various indirect channels, including by causing the supply of bank bonds to decline, which reduced bond spreads and increased the level ... Section 9 concludes and provides a discussion. Footnote.
https://www.rba.gov.au/publications/rdp/2022/2022-07/introduction.html
Policy Design and Background
13 Dec 2022
RDP
2022-07
Notes: (a) Adjusted for cross-currency hedging. (b) Covered bonds trade at yields on average about 5 basis points below senior unsecured (domestic) bonds since 2019, but this has varied over ... time. Through 2020 and 2021, this difference fell to 1
https://www.rba.gov.au/publications/rdp/2022/2022-07/policy-design-and-background.html
The Term Funding Facility: Has It Encouraged Business Lending?
13 Dec 2022
RDP
2022-07
In addition, the TFF led to lower funding costs through various indirect channels, including by causing the supply of bank bonds to decline, which reduced bond spreads and increased the level ... In addition, non-banks benefited from less bond issuance
https://www.rba.gov.au/publications/rdp/2022/2022-07/full.html
Identification Strategies, Challenges and Assumptions
13 Dec 2022
RDP
2022-07
In addition, non-banks benefited from less bond issuance by banks, which helped to narrow spreads on ABS.
https://www.rba.gov.au/publications/rdp/2022/2022-07/identification-strategies-challenges-and-assumptions.html