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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Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations
1 Nov 1996
RDP
9608
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1996/9608.html
Appendix C: The Behavioural Model of Australian Long Bond Yields – Integration Tests and Diagnostics
1 Nov 1996
RDP
9608
Table C.2: Real Long Bond Equation (3). Dependent variable: Change in real bond. ... Δ Real bond. t2. 0.369. (0.12). Δ Return on capital. t1.
https://www.rba.gov.au/publications/rdp/1996/9608/appendix-c.html
Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations
1 Nov 1996
RDP
9608
Research Discussion Paper – RDP 9608 Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations.
https://www.rba.gov.au/publications/rdp/1996/9608/
Appendix A: Data Sources
1 Nov 1996
RDP
9608
RDP 9608: Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations Appendix A: Data Sources. ... For the bond yield equation, US long bond yields are deflated by quarter-ended core inflation.
https://www.rba.gov.au/publications/rdp/1996/9608/appendix-a.html
Conclusion
1 Nov 1996
RDP
9608
RDP 9608: Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations 5. ... Further work in this area might consider whether there are roles for both forward and backward-looking elements within the long bond rate model.
https://www.rba.gov.au/publications/rdp/1996/9608/conclusion.html
Introduction
1 Nov 1996
RDP
9608
RDP 9608: Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations 1. ... Their exchange rate and long bond rate equations reflect orthodox theoretical relationships; they are not estimated equations.
https://www.rba.gov.au/publications/rdp/1996/9608/introduction.html
Appendix B: The Behavioural Model of the Australian Real Exchange Rate – Integration Tests and Diagnostics
1 Nov 1996
RDP
9608
RDP 9608: Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations Appendix B: The Behavioural Model of the Australian Real Exchange Rate – Integration Tests and Diagnostics.
https://www.rba.gov.au/publications/rdp/1996/9608/appendix-b.html
References
1 Nov 1996
RDP
9608
RDP 9608: Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations References.
https://www.rba.gov.au/publications/rdp/1996/9608/references.html
The Macroeconomic Model Approach
1 Nov 1996
RDP
9608
RDP 9608: Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations 2. ... Movements in the Australian bond yield away from the foreign rate (equilibrium) are then determined by a term structure calculation.
https://www.rba.gov.au/publications/rdp/1996/9608/macroeconomic-model-approach.html
A Behavioural Model of the Australian Long-Term Interest Rate
1 Nov 1996
RDP
9608
Figure 8: Real Long Bond Yield Model Simulation and Out-of-Sample Forecast. ... However, in Australia's case, the indexed bond market has only very recently become liquid; historically, indexed bonds were held in concentrated parcels and were not
https://www.rba.gov.au/publications/rdp/1996/9608/behavioural-model-of-the-australian-long-term-interest-rate.html