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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15 Feb 2024
RDP
2024-01
A measure based on high-frequency changes in bond yields based on a 90-minute window around announcements (Hambur and Haque 2023), which we call ‘levels shock’.
https://www.rba.gov.au/publications/rdp/2024/2024-01/results.html
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Methodology
19 Dec 2023
RDP
2023-09
bond spreads, option-implied volatility). The shocks are then constructed as the deviation of the actual policy rate from that implied by the rule. ... Other measures, including those constructed from high-frequency changes in bond yields, are also
https://www.rba.gov.au/publications/rdp/2023/2023-09/methodology.html
Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
21 Sep 2023
RDP
2023-09
bond spreads, option-implied volatility). The shocks are then constructed as the deviation of the actual policy rate from that implied by the rule. ... Other measures, including those constructed from high-frequency changes in bond yields, are also
https://www.rba.gov.au/publications/rdp/2023/2023-09/full.html
Data Description
21 Jun 2023
RDP
2023-05
Short-term interest rate. Three-month interbank rate. Spread. Difference between the 10-year sovereign bond yield and the 3-month interest rate.
https://www.rba.gov.au/publications/rdp/2023/2023-05/data-description.html
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Appendix A: Affine Term Structure Model
12 May 2023
RDP
2023-04
n. X. t. where. y. t. n. is the yield at time t for an n-period zero-coupon nominal bond (i.e. ... interest rate, and calculate returns for zero-coupon bonds with maturities of n = 6,12,18,24,36,… and 120 months.
https://www.rba.gov.au/publications/rdp/2023/2023-04/appendix-a.html
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References
22 Mar 2023
RDP
2023-03
172. Bond S and J Van Reenen (2007), ‘Microeconometric Models of Investment and Employment’, in JJ Heckman and EE Leamer (eds), Handbook of Econometrics: Volume 6A, Handbooks in Economics 2,
https://www.rba.gov.au/publications/rdp/2023/2023-03/references.html
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The Consequences of Low Interest Rates for the Australian Banking Sector
21 Dec 2022
RDP
2022-08
Banks therefore issued fewer bonds in favour of borrowing directly from the RBA via the TFF. ... In addition to the direct effect on banks' costs of funding, the lower bond issuance reduced the supply of banks' bonds, thereby lowering yields on the bonds
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
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Conclusion
13 Dec 2022
RDP
2022-07
In addition, non-banks indirectly benefited from the take-up of the TFF, with the decline in bank bond issuance (largely owing to the TFF) contributing to a noticeable decline in ... Similarly, the decline in issuance also contributed to a decline in
https://www.rba.gov.au/publications/rdp/2022/2022-07/conclusion.html
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Do Australian Households Borrow to Keep up with the Joneses?
10 Nov 2022
RDP
2022-06
bonds, shares and currencies). While questions about total debt and home debt were asked in all five wealth modules, those concerning consumer debt and investment debt were only asked from 2006
https://www.rba.gov.au/publications/rdp/2022/2022-06/full.html
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Contagion Modelling and Feedback Loops
20 Sep 2022
RDP
2022-03
Figure 8 shows the assumed price curve for these two assets as inversely related to the volume of bonds sold. ... This is in contrast to the experience on many occasions, during which government bonds (particularly AGS) have often rallied.
https://www.rba.gov.au/publications/rdp/2022/2022-03/contagion-modelling-and-feedback-loops.html
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