Search: CGS
RBA Glossary definition for CGS
CGS – Commonwealth Government Securities. Australian Government Securities were formerly referred to as Commonwealth Government Securities.
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Domestic Financial Markets
10 Aug 2013
SMP
– August 2013
The difference in yields between Kangaroo bonds and CGS has widened in recent months, particularly for European issuers. ... Secondary market spreads to CGS on the major banks' unsecured bonds widened in June as bond yields rose globally.
https://www.rba.gov.au/publications/smp/2013/aug/dom-fin-mkts.html
Box A: The RBA's Foreign Exchange Swaps
10 Feb 2008
SMP
– February 2008
sheet. By undertaking foreign exchange swaps, rather than always purchasing domestic securities, the Bank aimed to limit the distortions that its open market operations might otherwise have had on the CGS ... billion, compared with average daily turnover
https://www.rba.gov.au/publications/smp/2008/feb/box-a.html
MEETING ON MONETARY ISSUES Reserve Bank of Australia Research ...
15 Oct 2014
RDP
PDF
980KB
CGS -. 056 -. 041 -. 095 -. 026 (3.12) (2.80) (3.29) (1.68). ... CGS -. 073 -. 060 -. 056 (4.40) (3.60) (4.11). (M3/P)t_1.
https://www.rba.gov.au/publications/rdp/1985/pdf/rdp8502.pdf
Domestic Financial Markets
10 Feb 2014
SMP
– February 2014
The spread between 10-year CGS and US Treasuries is little changed since the previous Statement. ... Relative to CGS, spreads on the major banks' bonds have remained broadly unchanged since the previous Statement.
https://www.rba.gov.au/publications/smp/2014/feb/dom-fin-mkts.html
Domestic Financial Markets
17 Aug 2014
SMP
- August 2014
PDF
1072KB
https://www.rba.gov.au/publications/smp/2014/aug/pdf/dom-fin-mkts.pdf
Box E: Yields on Sovereign Debt
10 May 2012
SMP
– May 2012
The yield on 10-year Commonwealth Government securities (CGS), for example, is around its lowest level in more than 60 years. ... As at the end of 2011, 75 per cent of CGS were held by non-residents, up from 60 per cent five years earlier.
https://www.rba.gov.au/publications/smp/2012/may/box-e.html
Domestic Financial Markets
10 Aug 2014
SMP
– August 2014
Accordingly, the share of CGS held by non-residents remains around two-thirds of the outstanding stock (Graph 4.5). ... Spreads between securities issued by state governments (‘semis’) and CGS remain close to their historic lows (Graph 4.6).
https://www.rba.gov.au/publications/smp/2014/aug/dom-fin-mkts.html
Funding Behaviour
31 Dec 2013
RDP
2013-15
In contrast, if the CGS are purchased by the ADI sector (hereafter banks), the private non-banking sector's holdings of cash and deposits may increase. ... Consider, for example, a desire by the banking sector to increase its holdings of CGS through
https://www.rba.gov.au/publications/rdp/2013/2013-15/funding-behaviour.html
Box A: The RBA's Foreign Exchange Swaps
8 Feb 2008
SMP
- February 2008
PDF
34KB
https://www.rba.gov.au/publications/smp/2008/feb/pdf/box-a.pdf
Estimates of Private Sector Wealth
19 Apr 2007
RDP
PDF
318KB
Data on CGS at face value classified by holder are available in the Reserve Bank Bulletin. ... 14. 14 Piggott actually calculated the market/face value ratio from the outstanding stock of CGS.
https://www.rba.gov.au/publications/rdp/1991/pdf/rdp9109.pdf