Search: bond

Sort by: Relevance Date
1–4 of 4 collapsed search results for 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.

Search Results

Literature Review

1 May 1997 RDP 9701
Joseph E. Gagnon
Instead of modelling the inflation process, a more direct way to learn about long-run inflation expectations is to examine the inflation premia in long-term bond markets. ... terms of lowering long-term inflation expectations implicit in bond yields down
https://www.rba.gov.au/publications/rdp/1997/9701/literature-review.html

Inflation Regimes and Inflation Expectations

1 May 1997 RDP 9701
Joseph E. Gagnon
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1997/9701.html

Introduction and Summary

1 May 1997 RDP 9701
Joseph E. Gagnon
Gagnon (1996) also presents direct evidence for this hypothesis from the spread between nominal and indexed bond yields. ... Moreover, the asymmetric distribution of future inflation may explain the frequently large discrepancies between surveys of
https://www.rba.gov.au/publications/rdp/1997/9701/introduction.html

Empirical Support

1 May 1997 RDP 9701
Joseph E. Gagnon
Finally, the asymmetric distribution of future inflation may explain the frequently large discrepancies between surveys of inflation expectations and implied inflation expectations in bond yields. ... For example, in Canada the inflation premium between
https://www.rba.gov.au/publications/rdp/1997/9701/empirical-support.html