Search: 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.
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Affine Endeavour: Estimating a Joint Model of the Nominal and Real Term Structures of Interest Rates in Australia
27 Feb 2018
RDP
2018-02
The model allows us to decompose observed yields paid on nominal and inflation-indexed government bonds into expectations for real and nominal interest rates, expectations for inflation, as well as real
https://www.rba.gov.au/publications/rdp/2018/2018-02.html
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Inflation, Disinflation and Monetary Policy
10 Jul 1992
Conference
–
1992
The Reserve Bank of Australia 1992 conference is on the topic: ‘Inflation, Disinflation and Monetary Policy’
https://www.rba.gov.au/publications/confs/1992/
Discussion of Infrastructure and Corporate Bond Markets in Asia
27 Jul 2014
Conferences
PDF
67KB
RBA Conference Volume 2014
https://www.rba.gov.au/publications/confs/2014/pdf/ehlers-packer-remolona-disc.pdf
A History of Australian Equities
19 Jun 2019
RDP
2019-04
that on government bonds since 1917, somewhat lower than previous estimates; iii) the share of profits paid out as dividends increased substantially after the introduction of franking credits in the 1980s;
https://www.rba.gov.au/publications/rdp/2019/2019-04.html
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Is Monetary Policy Less Effective When Interest Rates Are Persistently Low? | Conference – 2017
16 Mar 2017
Conferences
The reduction in bond yields and loan rates per dollar spent in the programs have consistently fallen over time in the G3 economies. ... The numbers refer to the sovereign bonds represented in the Merrill Lynch World Sovereign index.
https://www.rba.gov.au/publications/confs/2017/borio-hofmann.html
Explaining Monetary Spillovers: The Matrix Reloaded
8 Apr 2019
RDP
PDF
1861KB
to exchange rates. In support of the bond risk premium spillover channel, financial openness. ... government bond yield that is orthogonal to the change in 2-year yields.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-03.pdf
Appendix A: Affine Term Structure Model
12 May 2023
RDP
2023-04
n. X. t. where. y. t. n. is the yield at time t for an n-period zero-coupon nominal bond (i.e. ... interest rate, and calculate returns for zero-coupon bonds with maturities of n = 6,12,18,24,36,… and 120 months.
https://www.rba.gov.au/publications/rdp/2023/2023-04/appendix-a.html
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Discussion of Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting?
27 Nov 2006
Conferences
PDF
86KB
RBA Conference Volume 2004
https://www.rba.gov.au/publications/confs/2004/pdf/ito-disc.pdf
The Consequences of Low Interest Rates for the Australian Banking Sector
21 Dec 2022
RDP
2022-08
Banks therefore issued fewer bonds in favour of borrowing directly from the RBA via the TFF. ... In addition to the direct effect on banks' costs of funding, the lower bond issuance reduced the supply of banks' bonds, thereby lowering yields on the bonds
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
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The Smoothing of Official Interest Rates | Conference – 1997
21 Jul 1997
Conferences
long-term bond yields, and thus over future economic activity and inflation. ... The second is whether turning points in interest rates generate increased short-term volatility in bond markets.
https://www.rba.gov.au/publications/confs/1997/lowe-ellis.html