Search: money market
RBA Glossary definition for money market
money market – The market which deals in short-term discount securities such as Treasury notes, bank bills and promissory notes. Major participants in this market include the Reserve Bank of Australia, banks, superannuation funds, insurance companies, investment trusts, investment banks, building societies and large corporates.
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Additional Analysis of Yield Effects
24 May 2022
RDP
2022-02
RDP 2022-02: The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases 5. ... A higher stock lending fee makes bond market intermediation more costly, and this is discussed further in Section 7.
https://www.rba.gov.au/publications/rdp/2022/2022-02/additional-analysis-of-yield-effects.html
Conclusion
24 May 2022
RDP
2022-02
RDP 2022-02: The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases 8. ... Download the Paper 1.89. MB. In this paper we assess the effect of three Reserve Bank policy measures involving government bond purchases:
https://www.rba.gov.au/publications/rdp/2022/2022-02/conclusion.html
References
24 May 2022
RDP
2022-02
D Zhang (2021), ‘The Liquidity of the Government Bond Market – What Impact Does Quantitative Easing Have? ... Finlay R, C Seibold and M Xiang (2020), ‘Government Bond Market Functioning and COVID-19’, RBA Bulletin, September.
https://www.rba.gov.au/publications/rdp/2022/2022-02/references.html
Expected Future Short-term Rates and Term Premia
24 May 2022
RDP
2022-02
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