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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 Impact on Financial Markets
1 Jul 1997
RDP
9703
Turnover of 90-day bill futures, for instance, is more than tenfold the turnover in physical bank bills. ... The distribution for movements in 180-day bill rates is virtually the same as other bill yields.
https://www.rba.gov.au/publications/rdp/1997/9703/impact-financial-markets.html
The Thinking Underlying Current Arrangements
1 Jul 1997
RDP
9703
where i. t. is either the 90-day bank bill rate or the 10-year bond rate,. ... Table 3: Interest-rate Changes and Market Interest Rates: Regression Results. 90-day bills.
https://www.rba.gov.au/publications/rdp/1997/9703/thinking-underlying-current-arrangements.html