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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A History of Australian Corporate Bonds
1 Dec 2012
RDP
2012-09
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2012/2012-09/
A History of Australian Corporate Bonds
20 Dec 2012
RDP
2012-09
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2012/2012-09.html
Corporate Bond Pricing
31 Dec 2012
RDP
2012-09
RDP 2012-09: A History of Australian Corporate Bonds 6. Corporate Bond Pricing. ... Some of the spread overlap is also explained by differences in bond maturities, as our sample here includes bonds with maturities of between 3 and 6 years.
https://www.rba.gov.au/publications/rdp/2012/2012-09/corporate-bond-pricing.html
Description of Long-run Bond Data and Structure of the Market
31 Dec 2012
RDP
2012-09
RDP 2012-09: A History of Australian Corporate Bonds 2. Description of Long-run Bond Data and Structure of the Market. ... The retail bond market – that is, bonds marketed directly to households – accounts for less than 5 per cent of the stock of
https://www.rba.gov.au/publications/rdp/2012/2012-09/description-structure-market.html
Conclusion
31 Dec 2012
RDP
2012-09
Banks now dominate bond issuance, in contrast to their low share of issuance prior to financial system deregulation. ... While bond spreads have, on average, been higher for bonds with a lower credit rating, the significant variation in spreads across
https://www.rba.gov.au/publications/rdp/2012/2012-09/conclusion.html
References
31 Dec 2012
RDP
2012-09
RDP 2012-09: A History of Australian Corporate Bonds References. Susan Black, Joshua Kirkwood, Alan Rai and Thomas Williams. ... Black S and J Kirkwood (2010), ‘Ownership of Australian Equities and Corporate Bonds’, RBA.
https://www.rba.gov.au/publications/rdp/2012/2012-09/references.html
Introduction
31 Dec 2012
RDP
2012-09
Prior to the 1980s, government-owned corporations were the largest issuers of bonds in the Australian corporate bond market. ... Section 6 analyses the pricing of corporate bonds and some of the risk factors that influence bond spreads, while Section 7
https://www.rba.gov.au/publications/rdp/2012/2012-09/introduction.html
Appendix A: Data Descriptions and Sources
31 Dec 2012
RDP
2012-09
Government bond market: bonds issued by Australian and state governments (including central borrowing authorities). ... Households corporate bond holdings: households' stock of corporate debentures and bonds, held both directly and indirectly via
https://www.rba.gov.au/publications/rdp/2012/2012-09/appendix-a.html
Up to 1950: Largely Publicly Owned Issuers
31 Dec 2012
RDP
2012-09
Sizeable bond issuance saw the stock of corporate bonds outstanding rise to a peak of around $1 billion in 1932. ... Government bond issuance was mostly domestically sourced through ‘war bonds’ that were marketed patriotically to the general
https://www.rba.gov.au/publications/rdp/2012/2012-09/largely-publicly-owned-issuers.html
1950 to 1980: Regulation and Transition Towards Private Issuers
31 Dec 2012
RDP
2012-09
RDP 2012-09: A History of Australian Corporate Bonds 4. 1950 to 1980: Regulation and Transition Towards Private Issuers. ... At the same time, the corporate bond market began to shift towards a larger share of private issuance.
https://www.rba.gov.au/publications/rdp/2012/2012-09/regulation-transition-towards-private-issuers.html