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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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Event Study of Announcement Effects

24 May 2022 RDP 2022-02
Richard Finlay, Dmitry Titkov and Michelle Xiang
implementation effect from the act of purchasing bonds evident, and a weaker announcement effect as strained markets may fail to immediately incorporate news into bond prices. ... Further, the distressed nature of financial markets and strong desire of
https://www.rba.gov.au/publications/rdp/2022/2022-02/event-study-of-announcement-effects.html

Additional Analysis of Yield Effects

24 May 2022 RDP 2022-02
Richard Finlay, Dmitry Titkov and Michelle Xiang
0.43). 0.37. (0.43). 0.35. (0.43). Reserve Bank bond holdings to GDP. ... 0.01. (0.07). 0.04. (0.06). US Federal Reserve bond holdings to GDP.
https://www.rba.gov.au/publications/rdp/2022/2022-02/additional-analysis-of-yield-effects.html

Supplementary Information for RDP 2022-02: The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases

24 May 2022 RDP 2022-02
Richard Finlay, Dmitry Titkov and Michelle Xiang
Research Discussion Paper – RDP 2022-02 The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases.
https://www.rba.gov.au/publications/rdp/2022/2022-02/supplementary-information.html

Effects on Market Functioning

24 May 2022 RDP 2022-02
Richard Finlay, Dmitry Titkov and Michelle Xiang
However, the Reserve Bank buying a large share of outstanding government bonds could, in principle, have negative effects on Australia's government bond markets. ... Yield curve fitting errors for bonds purchased under the bond purchase program also
https://www.rba.gov.au/publications/rdp/2022/2022-02/effects-on-market-functioning.html

Expected Future Short-term Rates and Term Premia

24 May 2022 RDP 2022-02
Richard Finlay, Dmitry Titkov and Michelle Xiang
RDP 2022-02: The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases 6. ... the function of government bond markets, the prices of which underpin our estimate.
https://www.rba.gov.au/publications/rdp/2022/2022-02/expected-future-short-term-rates-and-term-premia.html