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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The Failure of Uncovered Interest Parity: Is it Near-rationality in the Foreign Exchange Market?
18 Apr 2007
RDP
PDF
250KB
For Japan, it is the end-month observation on the 7-year bond rate. ... The UK rate is the Wednesday average over the month of 20-year bond yields, while the Swiss rate is based on yields of 10 or more year bonds.
https://www.rba.gov.au/publications/rdp/1991/pdf/rdp9103.pdf
The Demand for Money in Australia: New Tests on an Old Topic
30 Nov 2009
RDP
PDF
135KB
15. 5. 10. 15. 5. 10. 15. 2-year bond yield. 90-day bank bill. ... Equation GNE Bill Rate 2 Year Bond 10 Year Bond. Broad Money 1.3523 (32.16).
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9314.pdf
THE EQUATIONS OF THE RBA82 MODEL OF THE AUSTRALIpJq ...
15 Oct 2014
RDP
PDF
878KB
The term (r - r ) measures the expected change. in the interest rate on bonds. ... rate reaction function.11. The partial adjustment of bonds to their desired level.
https://www.rba.gov.au/publications/rdp/1984/pdf/rdp8401.pdf
The Role of Collateral in Borrowing
14 Jan 2021
RDP
PDF
1784KB
In September banks’ total bond issuance dropped to under a third of typical monthly issuance, and. ... in other countries), and a surge in bond issuance followed. The funding tightness is also evident from the rapid rise of Exchange Settlement Account
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-01.pdf
MODELLING RECENT DEVELOPMENTS IN AUSTRALIAN ASSET MARKETS: SOME PRELIMINARY ...
18 Apr 2015
RDP
PDF
632KB
0.2 per cent of control throughout the simulation period. Bonds (figure 5) rise strongly, as does the bond rate. ... figure 5) is needed to finance: the budget deficit (via. equation 131 ). This increase in the supply of bonds leads to. an increase in
https://www.rba.gov.au/publications/rdp/1984/pdf/rdp8403.pdf
The Intertemporal Government Budget Constraint and Tests for Bubbles
19 Nov 2012
RDP
PDF
650KB
bonds must fall in order to induce portfolio balancers to take up the. ... The change in the bond series will be stationary if yp is greater.
https://www.rba.gov.au/publications/rdp/1988/pdf/rdp8809.pdf
TRA2SMISSION OF EIERAL SH0CIS IN THE RBIX MODEL Malcolm ...
20 Oct 2014
RDP
PDF
752KB
short run. The 1984 version of the model respecified the bond rate equation. ... on the bond rate was retained. Other interest rates in the model were.
https://www.rba.gov.au/publications/rdp/1987/pdf/rdp8710.pdf
Pricing Behaviour in Australian Financial Futures Markets
19 Nov 2012
RDP
PDF
942KB
perhaps be made that the 10 year bond futures market anticipated the decline. ... ambiguous, with studies on ten year bond futures (for example, Kolb, Gay and.
https://www.rba.gov.au/publications/rdp/1988/pdf/rdp8804.pdf
The Impact of Rating Changes in Australian Financial Markets
2 Dec 2009
RDP
PDF
328KB
required bond yields or spreads would have different effects on the prices of different bonds, depending on the maturity of the bond. ... 5. Results. Given that ratings relate specifically to bonds rather than equities, we present the results for bond
https://www.rba.gov.au/publications/rdp/2004/pdf/rdp2004-02.pdf
Issues in Modelling Monetary Policy
1 Dec 2009
RDP
PDF
94KB
8. the maturity of the bond. Results from regressions using changes in interest rates areless clear, particularly for longer term bonds, with significant cash-rate effects onlyfound on security yields out ... These studies find some evidence of
https://www.rba.gov.au/publications/rdp/1996/pdf/rdp9604.pdf