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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Trading in Treasury Bond Futures Contracts and Bonds in Australia
18 Sep 2014
Bulletin
– September 2014
Treasury bond futures are a key financial product in Australia, with turnover in Treasury bond futures contracts significantly larger than turnover in the market for Commonwealth Government securities (CGS). Treasury bond futures contracts provide a
https://www.rba.gov.au/publications/bulletin/2014/sep/6.html
Recent Trends in Australian Banks' Bond Issuance
10 Mar 2010
Bulletin
– March 2010
While the financial crisis greatly affected capital markets, overall Australian banks retained good access to the bond market, with a sharp increase in the volume of bonds issued over the past ... The bulk of banks' offshore bond issuance was denominated
https://www.rba.gov.au/publications/bulletin/2010/mar/5.html
The Impact of the Financial Crisis on the Bond Market
10 Jun 2010
Bulletin
– June 2010
More recently, the distribution of bond terms has lengthened as investor risk aversion has eased and banks have increasingly issued bonds at longer terms. ... At issuance, almost all credit-wrapped bonds had a AAA rating by virtue of the bond insurers'
https://www.rba.gov.au/publications/bulletin/2010/jun/8.html
Covered Bonds in Australia
15 Sep 2017
Bulletin
– September 2017
Since their introduction in Australia in 2011, the stock of covered bonds has grown to around billion, or around 15 per cent of Australian financial institutions' long-term debt. Covered bonds are a form of secured funding backed by both the issuer
https://www.rba.gov.au/publications/bulletin/2017/sep/7.html
Corporate Bond Yields in Australia
10 Jun 2001
Bulletin
– June 2001
The bottom panels show the average spread or difference of the corporate bond yields relative to government bonds of the same maturity. ... While day-to-day movements in corporate bond and government yields are highly correlated, corporate bonds trade at
https://www.rba.gov.au/publications/bulletin/2001/jun/2.html
Trends in Australian Banks' Bond Issuance
15 Sep 2022
Bulletin
– September 2022
Bonds account for around 10 per cent of Australian banks’ funding, and bonds issued by banks account for about half of the non-government bond market.
https://www.rba.gov.au/publications/bulletin/2022/sep/trends-in-australian-banks-bond-issuance.html
Liquidity in the Australian Treasury Bond Futures Market
10 Jun 2012
Bulletin
– June 2012
high levels of trading activity and liquidity in the Treasury bond futures market. ... Graph 2. The level of turnover in the Treasury bond futures market has likely been influenced by the stock of physical Treasury bonds outstanding over time, although
https://www.rba.gov.au/publications/bulletin/2012/jun/6.html
Ownership of Australian Equities and Corporate Bonds
10 Sep 2010
Bulletin
– September 2010
In contrast, there were limited bonds issued into the domestic market; domestic investors' holdings have declined since mid 2007 (by 20 per cent) due to bond maturities more than offsetting purchases. ... The value of bond holdings (in Australian dollar
https://www.rba.gov.au/publications/bulletin/2010/sep/4.html
The Australian Semi-government Bond Market
10 Sep 2011
Bulletin
– September 2011
In the past, bonds issued offshore through ‘global exchangeable bond’ programs provided some foreign investors with tax benefits. ... Global exchangeable bonds are Australian dollar-denominated bonds issued overseas that are exchangeable for an
https://www.rba.gov.au/publications/bulletin/2011/sep/6.html
GDP-linked Bonds
15 Sep 2016
Bulletin
– September 2016
A GDP-linked bond is a debt security with repayments that are linked to the issuing country's GDP. These securities have recently attracted some attention, including within the Group of Twenty (G20), in the context of discussions about possible ways
https://www.rba.gov.au/publications/bulletin/2016/sep/8.html