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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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Appendix A: Affine Term Structure Model

12 May 2023 RDP 2023-04
Jonathan Hambur and Qazi Haque
n. X. t. where. y. t. n. is the yield at time t for an n-period zero-coupon nominal bond (i.e. ... interest rate, and calculate returns for zero-coupon bonds with maturities of n = 6,12,18,24,36,… and 120 months.
https://www.rba.gov.au/publications/rdp/2023/2023-04/appendix-a.html

Read me file

12 May 2023 RDP 2023-04
Jonathan Hambur and Qazi Haque
Forecasts_10__s.csv’ (10-year bond rate forecasts from various sources) –not for public release due to confidentiality. ... Louis, Federal Reserve Economic Database (FRED). – BAA – Moody's seasoned BAA corporate bond yield relative to yield on
https://www.rba.gov.au/publications/rdp/2023/2023-04/read-me.html

Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!

1 Apr 2023 RDP 2023-04
Jonathan Hambur
the case of unconventional policy, on the supply of government bonds – ‘Premia’ shocks. ... its slope), (log) commodity prices, (log) ASX 200, the US VIX and the US corporate bond spread (BAA).
https://www.rba.gov.au/publications/rdp/2023/2023-04/full.html

Documenting Shock Measures during the COVID-19 Pandemic

12 May 2023 RDP 2023-04
Jonathan Hambur and Qazi Haque
2 February 2021. First extension of bond purchase program announced. 6 July 2021. ... bonds for US bond purchases.
https://www.rba.gov.au/publications/rdp/2023/2023-04/documenting-shock-measures-during-the-covid-19-pandemic.html

Introduction

12 May 2023 RDP 2023-04
Jonathan Hambur and Qazi Haque
However, quantifying the nature and effects of communication is difficult. Moreover, ‘unconventional’ policies such as the yield curve targeting and bond purchase programs used during the COVID-19 pandemic work by ... the case of unconventional policy
https://www.rba.gov.au/publications/rdp/2023/2023-04/introduction.html

References

12 May 2023 RDP 2023-04
Jonathan Hambur and Qazi Haque
Finlay R, D Titkov and M Xiang (2022), ‘The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases’, RBA Research Discussion Paper No 2022-02.
https://www.rba.gov.au/publications/rdp/2023/2023-04/references.html

Documenting Shock Measures Pre-COVID-19

12 May 2023 RDP 2023-04
Jonathan Hambur and Qazi Haque
its slope), (log) commodity prices, (log) ASX 200, the US VIX and the US corporate bond spread (BAA).
https://www.rba.gov.au/publications/rdp/2023/2023-04/documenting-shock-measures-pre-covid-19.html

Non-technical summary for ‘Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication?…

12 May 2023 RDP 2023-04
Jonathan Hambur and Qazi Haque
Similarly, ‘unconventional’ policies, such as yield curve targeting and bond purchase programs, work by affecting longer-term interest rates and expectations – not just current short-term interest rates.
https://www.rba.gov.au/publications/rdp/2023/2023-04/non-technical-summary.html