Search: AGS

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1–6 of 6 collapsed search results for AGS

RBA Glossary definition for AGS

AGS – Australian Government Securities. Include all securities issued by the Australian Government at tenders conducted by the AOFM (and by the Reserve Bank of Australia acting as agent for the Australian Government prior to 23 October 2006). They comprise Treasury bonds, Treasury notes, Treasury indexed bonds and, previously, Treasury adjustable rate bonds. These securities are issued either by tender or syndication.

Search Results

Identifying Repo Market Microstructure from Securities Transactions Data

1 Aug 2018 RDP 2018-09
Nicholas Garvin
25. 0.68. 0.45. 0.61. 0.75. 0.79. 0.64. AGS or SGS. ... These algorithm and APRA series display broadly similar trends for AGS and SGS repos.
https://www.rba.gov.au/publications/rdp/2018/2018-09/full.html

The Algorithm Performance

15 Aug 2018 RDP 2018-09
Nicholas Garvin
To test this, I look for four-transaction repos involving two different AGS ISINs, with an implied net-zero FV transfer for each ISIN. ... 25. 0.68. 0.45. 0.61. 0.75. 0.79. 0.64. AGS or SGS.
https://www.rba.gov.au/publications/rdp/2018/2018-09/the-algorithm-performance.html

The Australian Repo Market Microstructure

15 Aug 2018 RDP 2018-09
Nicholas Garvin
In 2008, the SGS repo market was larger than the AGS repo market. ... Table 8: Each AGS ISIN's Frequency of Use as Collateral in 2015.
https://www.rba.gov.au/publications/rdp/2018/2018-09/the-australian-repo-market-microstructure.html

Introduction

15 Aug 2018 RDP 2018-09
Nicholas Garvin
The majority of repos are collateralised by Australian Government securities (AGS), although there is little market concentration in particular AGS.
https://www.rba.gov.au/publications/rdp/2018/2018-09/introduction.html

Comparing the Output with Prudential Data

15 Aug 2018 RDP 2018-09
Nicholas Garvin
These algorithm and APRA series display broadly similar trends for AGS and SGS repos. ... For AGS and SGS collateral, the difference likely reflects repos transacted through infrastructure other than Austraclear.
https://www.rba.gov.au/publications/rdp/2018/2018-09/comparing-the-output-with-prudential-data.html

Identifying Repo Market Microstructure from Securities Transactions Data

1 Aug 2018 RDP 2018-09
Nicholas Garvin
AGS and SGS mid close-price data covering the sample windows from 2012 to 2015.
https://www.rba.gov.au/publications/rdp/2018/2018-09/read-me.html