Search: yield
RBA Glossary definition for yield
yield – The expected rate of return expressed as a percentage of the net outlay or net proceeds of an investment, not of its face value.
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The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
24 May 2022
RDP
2022-02
For the yield target, we find a substantial announcement effect and moderate implementation effects on yields. ... Conversely, the yield target appears to have detrimentally affected some aspects of government bond market function.
https://www.rba.gov.au/publications/rdp/2022/2022-02.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
Additional Analysis of Yield Effects
24 May 2022
RDP
2022-02
he reaffirmed the Reserve Bank's commitment to the yield target (Lowe 2021). ... Note: Counterfactual calculated by cumulating modelled changes in the 10-year AGS yield.
https://www.rba.gov.au/publications/rdp/2022/2022-02/additional-analysis-of-yield-effects.html
Conclusion
24 May 2022
RDP
2022-02
conducted between March and May 2020; purchases in support of the yield target conducted from August 2020 until October 2021, and purchases aimed at lowering longer-term yields conducted under the ... The actual purchases had an additional yield effect,
https://www.rba.gov.au/publications/rdp/2022/2022-02/conclusion.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
In particular, we ask:. Did the announcements about bond purchases lower bond yields? ... The bond purchase program to lower longer-term yields, totalling $280.7 billion.
https://www.rba.gov.au/publications/rdp/2022/2022-02/non-technical-summary.html
Read me file
24 May 2022
RDP
2022-02
RDP 2022-02: The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases Read me file. ... References. Finlay R and M Chambers (2008), ‘A Term Structure Decomposition of the Australian Yield Curve’, RBA Research Discussion
https://www.rba.gov.au/publications/rdp/2022/2022-02/read-me.html
Implementation Effects
24 May 2022
RDP
2022-02
Figure 8: Yield Target and Bond Purchases. Notes: 3-year AGS yields are for the April 2023 AGS until 20 October 2020, and the April 2024 AGS thereafter. ... of the yield curve, even if they do not affect relative yields and spreads within that segment of
https://www.rba.gov.au/publications/rdp/2022/2022-02/implementation-effects.html
Introduction
24 May 2022
RDP
2022-02
designed to lower yields across the yield curve. ... In contrast, we find relatively little additional effect on yields from the purchases themselves.
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
window. AGS yields act as the benchmark yield curve in Australia, with other fixed income securities typically priced relative to AGS yields or swap rates. ... of the yield curve, even if they do not affect relative yields and spreads within that segment
https://www.rba.gov.au/publications/rdp/2022/2022-02/full.html
Event Study of Announcement Effects
24 May 2022
RDP
2022-02
would also have been affected by the reduction in the cash rate target and the 3-year yield target, also announced on 19 March 2020), while yields on longer maturity bonds ... window. AGS yields act as the benchmark yield curve in Australia, with other
https://www.rba.gov.au/publications/rdp/2022/2022-02/event-study-of-announcement-effects.html