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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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Appendix A: The Specification of the Core Models

31 Dec 1977 RDP 1977-07
P.D. Jonson, R.W. Rankin and J.C. Taylor
r. b. official interest rate: in U.K. model, Bank Rate;. in RBA76, bond rate.
https://www.rba.gov.au/publications/rdp/1977/7707/appendix-a.html

Results with the Australian Model

31 Dec 1977 RDP 1977-07
P.D. Jonson, R.W. Rankin and J.C. Taylor
model. The secondary transmission mechanism through interest rates is preserved in the RBA76 reaction function for the bond rate, which includes variables representing both internal and external balance targets.
https://www.rba.gov.au/publications/rdp/1977/7707/results-with-the-australian-model.html