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RBA Glossary definition for securities

securities – A financial instrument which represents a claim over real assets or a future income stream. Such instruments are usually tradeable. Examples of securities include bonds, bills of exchange, promissory notes, certificates of deposit and shares.

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The Main Questions

1 Dec 1988 RDP 8812
Ian Macfarlane
Figure 3 YIELDS ON GOVERNMENT SECURITIES. The same is true for bond rates. ... If it were not so, then there would be an incentive to either sell the long-term security and purchase the stream of short-term securities, or the reverse.
https://www.rba.gov.au/publications/rdp/1988/8812/main-questions.html

Structural Background

1 Dec 1988 RDP 8812
Ian Macfarlane
This was done for short-term securities (Treasury notes) in 1979 and for longer-term government bonds in the middle of 1982. ... This has quickly translated to a rise in all short-term security yields.
https://www.rba.gov.au/publications/rdp/1988/8812/structural-background.html

Appendix 2: Empirical Evidence on the Term Structure of Interest Rates in Australia

1 Dec 1988 RDP 8812
Ian Macfarlane
the short-term rate for a period in order to hold a unit of the longer security for the same length of time, should be zero. ... where H(t,k). is the realised holding yield when the long security is purchased at t and held for k periods.
https://www.rba.gov.au/publications/rdp/1988/8812/appendix-2.html

Appendix 1: The Interest Parity Condition

1 Dec 1988 RDP 8812
Ian Macfarlane
It is only available from July 1984. Debt is federal government securities in the hands of the private sector as a ratio to M3.
https://www.rba.gov.au/publications/rdp/1988/8812/appendix-1.html

The Transmission of Monetary Policy

1 Dec 1988 RDP 8812
Ian Macfarlane
term securities tend to change quickly.
https://www.rba.gov.au/publications/rdp/1988/8812/transmission-of-monetary-policy.html