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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Appendix 1: Data
1 Dec 1993
RDP
9314
Source: Reserve Bank of Australia. Bulletin. Definition: Three-month average of the two-year Treasury bond yield for the last business day of the month. ... Assessed secondary market yields. Source: Reserve Bank of Australia. Bulletin. Definition:
https://www.rba.gov.au/publications/rdp/1993/9314/appendix-1.html
Cointegration
1 Dec 1993
RDP
9314
The coefficients on the activity variable and the two-year bond yield, however, are signed inconsistently with theory, which renders the result of little practical use. ... The two-year bond yield is the key rate, appearing in 19 of the 28 cointegrating
https://www.rba.gov.au/publications/rdp/1993/9314/cointegration.html
The Data and Their Order of Integration
1 Dec 1993
RDP
9314
I(0)#. I(1). –. 2-Year Bond Yield. I(1). I(1). I(0). 10-Year Bond Yield. ... year bond yield, the break in the latter coinciding with the shift in the early 1980s from a tap to tender system for government bonds; or.
https://www.rba.gov.au/publications/rdp/1993/9314/data-order-integration.html
The State of Play
1 Dec 1993
RDP
9314
When the interest rate is defined as the own-rate of return on the monetary asset, the inflation rate and the two-year bond yield are also included as cost variables.
https://www.rba.gov.au/publications/rdp/1993/9314/state-of-play.html