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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Appendix A. The Model
1 Jul 1977
RDP
7703
A. all bank advances to private sector. B. bonds held by private (non-bank) sector. ... r. bond rate. world interest rate. t. time. income tax rate.
https://www.rba.gov.au/publications/rdp/1977/7703/appendix-a.html
Simulation Analysis
1 Jul 1977
RDP
7703
In each case the result for key variables – real product, product prices, the balance of payments, the money stock, the bond rate and the exchange rate – is presented in terms of ... rate. The initial impact on bond rates is negative, as in the
https://www.rba.gov.au/publications/rdp/1977/7703/simulation-analysis.html