Search: bond

Sort by: Relevance Date
1–6 of 6 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

China's Evolving Monetary Policy Framework in International Context

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
arrangements. Fourth, our empirical analysis of monetary policy transmission points to both similarities and differences: while policy rates now have a larger effect than monetary aggregates on output and bond yields,
https://www.rba.gov.au/publications/rdp/2019/2019-11.html

Monetary Policy Transmission

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
Figure 16: Government Bond Yields. Response to 1 percentage point monetary policy shock. ... Repo rate pass-through appears strongest for the bond markets, followed by real activity and house prices.
https://www.rba.gov.au/publications/rdp/2019/2019-11/monetary-policy-transmission.html

China's Evolving Monetary Policy Framework in International Context

1 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
Research Discussion Paper – RDP 2019-11 China's Evolving Monetary Policy Framework in International Context. Bradley Jones and Joel Bowman. December 2019. 1.87. MB. 1. Introduction. Much like the broader economy, monetary policy in China continues
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html

The PBC's Objectives and Operational Framework

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
In the case of the former, collateral bonds are not transferred to the lenders while they are for title-transferred repos. ... Eligible collateral includes central bank bills, bonds of the central government, policy banks and high-grade corporates, and
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-pbcs-objectives-and-operational-framework.html

Non-technical summary for ‘China's Evolving Monetary Policy Framework in International Context’

1 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
For instance, while output and bond yields in China are now more closely related to movements in policy rates than monetary aggregates (reflecting a Chinese financial system that is becoming more
https://www.rba.gov.au/publications/rdp/2019/2019-11/non-technical-summary.html

The Institutional Design Framework for Monetary Policy

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
As set out in Article 29 of The PBC Law (2003), ‘The People's Bank of China shall not provide overdraft for government or directly subscribe to or underwrite treasury bonds
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-institutional-design-framework-for-monetary-policy.html