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RBA Glossary definition for bill rate

bill rate – The bill rate is the effective yield to maturity earned by the holder of a bill. The yield is usually expressed as a per annum rate.

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The Effects of Funding Costs and Risk on Banks’ Lending Rates

16 Mar 2011 Bulletin PDF 225KB
Reserve Bank of Australia Bulletin March 2011
https://www.rba.gov.au/publications/bulletin/2011/mar/pdf/bu-0311-6.pdf

Is Monetary Policy Less Effective When Interest Rates Are Persistently Low? | Conference – 2017

16 Mar 2017 Conferences
Claudio Borio and Boris Hofmann
This is because banks are reluctant to reduce deposit rates below zero, even when the policy rate crosses that barrier. ... They classify countries for each year as being in a low- or high-rate environment based on whether the three-month Treasury bill
https://www.rba.gov.au/publications/confs/2017/borio-hofmann.html

Appendix: Data Sources and Methods

1 Nov 1990 RDP 9008
Jerome Fahrer and Tom Rohling
Data for the yield of 90-Day bank accepted bills of exchange (the Bank Bill rate) are from the RBA Bulletin, Table F.1, various issues. ... The monthly growth rates of credit were adjusted in the month of each break.
https://www.rba.gov.au/publications/rdp/1990/9008/appendix.html
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The Consequences of Low Interest Rates for the Australian Banking Sector

21 Dec 2022 RDP 2022-08
Anthony Brassil
monetary policy to lending rates when the level of the policy rate is low. ... Figure 8: Cash Rate Pass-through to Banks' Lending Rates. Source: Brassil, Major and Rickards (2022).
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
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Inflation and Interest Rates

1 Oct 1989 RDP 8906
Jeremy Smith and David W.R. Gruen
1988. 24.5. 10.7. 1989. 5.4. Footnotes. The interest rates are 3 month Treasury bill rates for Australia, US and Canada; the 6 month Treasury bill rate for Italy, ... The ex post real US interest rate on 3 month Treasury bills averaged 5.4% p.a.
https://www.rba.gov.au/publications/rdp/1989/8906/inflation-and-interest-rates.html
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Annual Report-1965-Monetary Policy

31 Dec 1965 Annual Report
This rate is historically high for Australia but is not high in relation to rates ruling in other sections of the capital market. ... bills. Leading from this investigation it was agreed that banks would undertake additional commercial bill activity in
https://www.rba.gov.au/publications/annual-reports/rba/1965/monetary-policy.html

2.2 Operations in Financial Markets

19 Oct 2023 RBA Annual Report – October 2023
Operations in Financial Markets | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/operations-in-financial-markets.html

The Australian Economy and Financial Markets

2 May 2024 Chart Pack PDF 5792KB
The Australian Economy and Financial Markets - May 2024
https://www.rba.gov.au/chart-pack/pdf/chart-pack.pdf

The Domestic Market for Short-term Debt Securities

10 Sep 2011 Bulletin – September 2011
Matthew Boge and Ian Wilson
In this sense, forward cash rates may exceed cash rate expectations by a ‘term premium’. ... Note that this term premium (which reflects compensation for interest rate risk) is conceptually distinct from that alluded to above when discussing spreads
https://www.rba.gov.au/publications/bulletin/2011/sep/5.html

Australian Money Market Divergence: Arbitrage Opportunity or Illusion?

1 Sep 2019 RDP 2019-09
Belinda Cheung and Sebastien Printant
Bank bill rates also rose over this period, but not sufficiently to make investing in bills a profitable money market trade. ... 3-month). Bank bills. 3-month bank bill swap rate. ASX; RBA. Risk weights (w.
https://www.rba.gov.au/publications/rdp/2019/2019-09/full.html
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