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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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Appendix: Outline of Contract Specifications

1 Jun 1988 RDP 8804
Malcolm Edey and Graham Elliott
RDP 8804: Pricing Behaviour in Australian Financial Futures Markets Appendix: Outline of Contract Specifications. Malcolm Edey and Graham Elliott. June 1988. Download the Paper 943. KB. This appendix summarises the main features of contract
https://www.rba.gov.au/publications/rdp/1988/8804/appendix.html

Tables

1 Jun 1988 RDP 8804
Malcolm Edey and Graham Elliott
Bills. 1.05. 6.39. 97.60. Bonds. 0.08. 4.15. 8.20. Full Sample:. SPI. ... 2. 0.24. 3.26. 2. 0.54. 4.25. Bonds. 2. 1.73. 8.98. 2.
https://www.rba.gov.au/publications/rdp/1988/8804/tables.html

Empirical Results

1 Jun 1988 RDP 8804
Malcolm Edey and Graham Elliott
Bill and bond yields are converted to log prices by taking the log of one plus the yield in each case.) To remove the “new contract” effects referred to in section ... There is, for example, significant first-order autocorrelation in futures prices
https://www.rba.gov.au/publications/rdp/1988/8804/empirical-results.html

Australian Futures Markets

1 Jun 1988 RDP 8804
Malcolm Edey and Graham Elliott
Consistent with this theory, the proportionate premium on SPI futures is generally larger and more variable than in the case of the bond contract. ... 6. VOLUME vs SPOT PRICE. Footnote. A two year bond contract was also introduced (in 1982) but was not a
https://www.rba.gov.au/publications/rdp/1988/8804/australian-futures-markets.html

References

1 Jun 1988 RDP 8804
Malcolm Edey and Graham Elliott
Jordan, “Are there Abritrage Opportunities in Treasury-Bond Futures Markets”,. Journal of Futures Markets. , ... Treasury Bonds”,. Review of Research in Futures Markets. , 1983. Rutledge, D.J.S., “Trading Volume and Price Variability: New
https://www.rba.gov.au/publications/rdp/1988/8804/references.html

Review of Empirical Evidence

1 Jun 1988 RDP 8804
Malcolm Edey and Graham Elliott
Results have been somewhat ambiguous, with studies on ten year bond futures (for example, Kolb, Gay and Jordan (1982) and Resnick and Henniger (1983)) generally offering no evidence against the efficient
https://www.rba.gov.au/publications/rdp/1988/8804/review-of-empirical-evidence.html