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RBA Glossary definition for yield

yield – The expected rate of return expressed as a percentage of the net outlay or net proceeds of an investment, not of its face value.

Search Results

The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data

21 Jun 2023 RDP 2023-05
Callan Windsor, Terhi Jokipii and Matthieu Bussiere
The slope of the yield curve also matters, as banks' loans and other assets typically have longer durations than their liabilities. ... and the spread between the yield on 10-year government bonds and the short-term rate, spread.
https://www.rba.gov.au/publications/rdp/2023/2023-05/full.html

Conclusion

21 Jun 2023 RDP 2023-05
Callan Windsor, Terhi Jokipii and Matthieu Bussiere
Similarly, focusing on the countries that moved interest rates into negative territory yields coefficients that are not economically large.
https://www.rba.gov.au/publications/rdp/2023/2023-05/conclusion.html

Analytical Framework

21 Jun 2023 RDP 2023-05
Callan Windsor, Terhi Jokipii and Matthieu Bussiere
and the spread between the yield on 10-year government bonds and the short-term rate, spread. ... First, additional evidence might be obtained by interacting the interest rate level and the slope of the yield curve with bank-specific variables, such as
https://www.rba.gov.au/publications/rdp/2023/2023-05/analytical-framework.html

References

21 Jun 2023 RDP 2023-05
Callan Windsor, Terhi Jokipii and Matthieu Bussiere
Download the Paper 1.3. MB. Alessandri P and BD Nelson (2015), ‘Simple Banking: Profitability and the Yield Curve’, Journal of Money Credit and Banking, 47(1), pp 143–175.
https://www.rba.gov.au/publications/rdp/2023/2023-05/references.html

Empirical Findings across Countries

21 Jun 2023 RDP 2023-05
Callan Windsor, Terhi Jokipii and Matthieu Bussiere
points. Similarly, there is broad-based evidence that a flattening of the yield curve (as measured by the spread between 10-year and 3-month interest rates) is associated with lower ... The implication of this is that changes in the slope of the yield
https://www.rba.gov.au/publications/rdp/2023/2023-05/empirical-findings-across-countries.html

Data Description

21 Jun 2023 RDP 2023-05
Callan Windsor, Terhi Jokipii and Matthieu Bussiere
Short-term interest rate. Three-month interbank rate. Spread. Difference between the 10-year sovereign bond yield and the 3-month interest rate.
https://www.rba.gov.au/publications/rdp/2023/2023-05/data-description.html

Non-technical summary for ‘The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country…

21 Jun 2023 RDP 2023-05
Callan Windsor, Terhi Jokipii and Matthieu Bussiere
yields estimates that are not economically large.
https://www.rba.gov.au/publications/rdp/2023/2023-05/non-technical-summary.html

Channels of Monetary Policy to Bank Profitability

21 Jun 2023 RDP 2023-05
Callan Windsor, Terhi Jokipii and Matthieu Bussiere
This allows us to unpack the channels through which changes in interest rates and the slope of the yield curve affect overall profitability. ... The slope of the yield curve also matters, as banks' loans and other assets typically have longer durations
https://www.rba.gov.au/publications/rdp/2023/2023-05/channels-of-monetary-policy-to-bank-profitability.html