Search: money market
RBA Glossary definition for money market
money market – The market which deals in short-term discount securities such as Treasury notes, bank bills and promissory notes. Major participants in this market include the Reserve Bank of Australia, banks, superannuation funds, insurance companies, investment trusts, investment banks, building societies and large corporates.
Search Results
The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
24 May 2022
RDP
2022-02
financial markets, interest rates, money. We examine the effect on government bond yields of three Reserve Bank of Australia policy measures implemented following the onset of the COVID-19 pandemic. ... We also assess the impact of the three measures on
https://www.rba.gov.au/publications/rdp/2022/2022-02.html
Read me file
24 May 2022
RDP
2022-02
Findur/DC. The RBA uses the Findur and DC databases for its financial market operations. ... Transactions in Australian Government Securities and Semis), F1 (Interest Rates and Yields – Money Market – Daily) and F16 (Indicative Mid Rates of
https://www.rba.gov.au/publications/rdp/2022/2022-02/read-me.html
References
24 May 2022
RDP
2022-02
D Zhang (2021), ‘The Liquidity of the Government Bond Market – What Impact Does Quantitative Easing Have? ... Finlay R, C Seibold and M Xiang (2020), ‘Government Bond Market Functioning and COVID-19’, RBA Bulletin, September.
https://www.rba.gov.au/publications/rdp/2022/2022-02/references.html
Non-technical summary for ‘The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases’
24 May 2022
RDP
2022-02
Bond purchases by the central bank can also affect how well the bond market works. ... This is important as the bond market is where governments raise money to pay for spending, and is also central to the transmission of monetary policy to the wider
https://www.rba.gov.au/publications/rdp/2022/2022-02/non-technical-summary.html
The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
24 May 2022
RDP
2022-02
Research Discussion Paper – RDP 2022-02 The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases.
https://www.rba.gov.au/publications/rdp/2022/2022-02/sections.html
Effects on Market Functioning
24 May 2022
RDP
2022-02
This was in fact the aim of purchases by the Reserve Bank in support of market function. ... markets for investors, and could contribute to larger liquidity premia for government bonds in Australia (e.g.
https://www.rba.gov.au/publications/rdp/2022/2022-02/effects-on-market-functioning.html
Conclusion
24 May 2022
RDP
2022-02
RDP 2022-02: The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases 8. ... Download the Paper 1.89. MB. In this paper we assess the effect of three Reserve Bank policy measures involving government bond purchases:
https://www.rba.gov.au/publications/rdp/2022/2022-02/conclusion.html
Introduction
24 May 2022
RDP
2022-02
and carried out during a period over which markets were, for the most part, calm. ... The events include public communications by the Reserve Bank, newspaper articles and market economist reports.
https://www.rba.gov.au/publications/rdp/2022/2022-02/introduction.html
The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
24 May 2022
RDP
2022-02
yield curve … to address market dislocations’ (RBA 2020b); purchases began the following day. ... Further, the distressed nature of financial markets and strong desire of market participants to raise cash by selling bonds meant that announcements by
https://www.rba.gov.au/publications/rdp/2022/2022-02/full.html
Implementation Effects
24 May 2022
RDP
2022-02
predictable purchases under the bond purchase program elicited negligible immediate market reaction (Figure 10). ... restore market function, or 10 February 2022 for purchases under the bond purchase program; purchases.
https://www.rba.gov.au/publications/rdp/2022/2022-02/implementation-effects.html