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.
Search Results
Appendix D: Glossary and Data
1 Jun 2000
RDP
2000-05
Core Inflation: Datastream, USCPXFDEF, JPCPXFFDF, EMESHARMF, EMCP.F. Definition:. Yield on the conventional Australian 10-year bond less the yield on Treasury capital indexed bonds of similar maturity. ... Treasury capital indexed bond yields:
https://www.rba.gov.au/publications/rdp/2000/2000-05/appendix-d.html
Overview
1 Jun 2000
RDP
2000-05
In the equation for unit labour costs, there are both backward- and forward-looking expectations, with the latter derived from the bond market. ... derived from the bond market.
https://www.rba.gov.au/publications/rdp/2000/2000-05/overview.html
References
1 Jun 2000
RDP
2000-05
Tarditi A (1996), ‘Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations’, Reserve Bank of Australia Research Discussion Paper No 9608.
https://www.rba.gov.au/publications/rdp/2000/2000-05/references.html
Appendix B: Testing for a Structural Break
1 Jun 2000
RDP
2000-05
0.188. (0.182). Bond market inflation expectations. 0.319. (0.101). 0.324. (0.117). 0.218.
https://www.rba.gov.au/publications/rdp/2000/2000-05/appendix-b.html
The Steady State and Potential Output
1 Jun 2000
RDP
2000-05
Over the estimation period, inflation expectations derived from the bond market have exceeded actual inflation by an average of 1.2 percentage points per annum. ... This result can be derived from the coefficients on bond market inflation expectations
https://www.rba.gov.au/publications/rdp/2000/2000-05/steady-state-and-potential-output.html