Holdings of central government debt securities (nominal value) - D30

Released
16 June 2017 03:00 p.m.
Next release
18 July 2017 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
May 2015 May 2016 Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017
Total ($m)
Total .. 79,830 80,454 80,401 82,049 82,152 81,980
Nominal bonds ($m)
Total .. 62,381 62,854 62,704 62,554 62,358 62,088
Financial corporations .. 15,207 18,849 18,745 19,299 19,097 18,793
Non-financial corporations .. 13 16 19 19 19 18
Central government .. 3,128 3,309 3,326 3,298 3,301 3,457
Local government .. 21 31 31 31 31 30
Non-profit institutions .. 11 11 11 11 11 11
Households .. 272 310 311 305 311 314
Non-residents .. 43,729 40,327 40,260 39,590 39,586 39,464
Unallocated .. 1 1 1 1 2 2
Inflation indexed bonds ($m)
Total .. 13,200 13,750 13,850 15,500 15,600 15,700
Financial corporations .. 1,186 1,014 997 1,273 1,282 1,285
Non-financial corporations .. 1 1 1 1 1 1
Central government .. 6,563 7,218 7,253 7,935 8,046 8,063
Local government .. 1 1 1 1 1 1
Non-profit institutions .. 1 2 2 2 2 2
Households .. 32 24 25 34 40 40
Non-residents .. 5,416 5,489 5,571 6,253 6,227 6,308
Unallocated .. 1 1 1 1 1 1
Treasury bills ($m)
Total .. 4,000 3,600 3,600 3,750 3,950 3,950
Financial corporations .. 3,737 3,327 3,335 3,396 3,621 3,655
Non-financial corporations .. - - - - - -
Central government .. - - - - - -
Local government .. - - - - - -
Households .. 3 3 3 3 - -
Non-residents .. 261 270 263 351 330 295
Unallocated .. - - - - - -
Kiwi bonds ($m)
Total .. 198 199 196 194 193 191
Other crown debt securities ($m)
Total .. 51 51 51 51 51 51
MEMO ITEM: Secondary market ($m)
Total held in the secondary market1 .. 75,761 76,861 76,811 78,311 78,415 78,465
Nominal bonds1 .. 59,461 60,261 60,111 59,961 59,765 59,715
Inflation indexed bonds1 .. 12,300 13,000 13,100 14,600 14,700 14,800
Treasury bills1 .. 4,000 3,600 3,600 3,750 3,950 3,950
MEMO ITEM: Non-residents ($m)
Total held by non-residents .. 49,406 46,086 46,095 46,195 46,143 46,067
Nominal bonds .. 43,729 40,327 40,260 39,590 39,586 39,464
Inflation indexed bonds .. 5,416 5,489 5,571 6,253 6,227 6,308
Treasury bills .. 261 270 263 351 330 295
MEMO ITEM: Non-residents (%)
Proportion held by non-residents2 .. 65.2 60.0 60.0 59.0 58.8 58.7
Nominal bonds2 .. 73.5 66.9 67.0 66.0 66.2 66.1
Inflation indexed bonds2 .. 44.0 42.2 42.5 42.8 42.4 42.6
Treasury bills2 .. 6.5 7.5 7.3 9.4 8.3 7.5
  1. Government securities available in the secondary market do not include those held by the Reserve Bank and the Earthquake Commission.
  2. Non-resident holdings as a percentage of the government securities available in the secondary market.

Coverage, Periodicity, and Timeliness of Data

Coverage

Nominal amount of central government debt securities on issue in New Zealand at the end of the month.

Central government debt securities covers:

  • Nominal bonds
  • Inflation index bonds
  • Treasury bills
  • Kiwi bonds
  • Other crown debt securities

Data is sourced from New Zealand registries (Computershare, Link Market Services, and NZClear), a survey of nominee companies and registered banks.

Periodicity and Timeliness

Data is published monthly approximately three weeks after the end of the reference month.

Access by the Public

Data Release

Data is released on the Reserve Bank’s website, Reuters and Bloomberg at the same time.

Statistics Release Calendar

The Statistics Release Calendar provides a long-term plan of scheduled releases. It is updated and released on the last working day of the month.

Quality

Changes in methodology

From August 2016 data has been sourced from a securities database developed by the Reserve Bank.

Data has been backdated to July 2015 but may differ from previously published data due to improvements in the classification of entities to the resident or non-resident sector.

Data quality

The total amount of government securities on issue matches the data published by the NZDMO.

Central government debt securities

Nominal bonds

Nominal bonds are wholesale fixed-term debt securities the Crown issues to and repurchases from registered tender counterparties. Nominal bonds have an initial maturity of one year or more.

Inflation indexed bonds

Inflation-indexed bonds are wholesale fixed-term debt securities with an inflation-indexed component. Inflation-indexed bonds are issued to registered tender counterparties and have an initial maturity of one year or more.

Treasury bills

Treasury bills are wholesale fixed-term debt securities issued by the Crown to registered tender counterparties. Bills are issued with 3 month, 6 month and 1 year maturities.

Kiwi bonds

Kiwi bonds are the main product available to individual investors. Kiwi Bonds are offered directly to the New Zealand public. Anyone resident outside New Zealand, even if they hold New Zealand citizenship, is ineligible to invest in Kiwi bonds.

Other crown debt securities

Other debt securities issued by central government agencies such as universities, museums, and District Health Boards (DHBs).

Holdings of central government debt securities

Financial corporations

Financial corporations consist of all units that provide mainly financial services, including financial intermediation, financial risk management, liquidity transformation, and various supporting activities.

This sector includes securities held by the Reserve Bank of New Zealand (RBNZ) and registered banks in New Zealand.

Non-financial corporations

Non-financial corporations consist of resident business enterprises that produce goods and non-financial services to sell at competitive market prices that are sufficient to generate a profit or surplus in the long term.

Central government

Central government is responsible for functions such as taxation, law and order, defence, and those responsible for advancing the economic and social well-being of the country in other ways. It also includes funded social insurance schemes that are financed independently of government general revenue, through levies on households, employers, or the self-employed.

This sector includes securities held by the Accident Compensation Corporation (ACC), Earthquake Commission (EQC), New Zealand Superannuation Fund (NZSF), and Southern Response Earthquake Services Limited (SRESL).

Local government

Local government consists of territorial authorities and regional councils, as well as the other non-market units and non-profit institutions they control.

Non-profit institutions

Non-profit institutions (serving households) consist of resident non-market institutional units that deliver goods or services to fulfil a social need or community interest.

Households

Households are New Zealand resident individuals, families, whänau, hapü, and marae in their role as final consumers and as owners of production factors.

Non-residents

The rest of the world consists of all non-resident institutional units that enter into transactions with resident units, or have other economic links with resident units.

Unallocated

Unallocated is used where the sector of ownership cannot be identified.

Other

Nominal value

The nominal value of securities represents the amount to be repaid at maturity.

Repurchase agreements

Repurchase agreements (repos) are an arrangement involving the provision of securities in exchange for cash with a commitment to repurchase the same or similar securities at a fixed price on a specified future date.

Bonds available in the secondary market

The nominal bonds, inflation indexed bonds and treasury bills that are available for trading in the secondary market. This excludes securities held by RBNZ, EQC and SRESL who do not hold them for trading purposes.

Proportion held by non-residents

Nominal bonds, inflation indexed bonds and treasury bills held by non-residents as a percentage of the total available in the secondary market. The total available in the secondary market excludes securities held by RBNZ, EQC and SRESL.

New presentation of Excel data files

The new format for our Excel data files will be rolled out to the New Zealand debt securities statistics (tables D30, D31 and D35) on 16 June 2017.

The most notable changes in the Excel data files will be:

  • Data presented in vertical format with no extra columns, bold numbers, merged cells or any other formatting. This will make it easier for data users to transform the file into other ‘machine friendly’ formats such as .csv.
  • Two extra tabs – ‘Table Description’ and ‘Series Definitions’ that will contain supplementary information about the table and the data.
  • The data tab will have two extra rows: unit and series ID linked to the Series Definitions.

There will be no change to the presentation of summary data in the html web pages.

14 June 2017

Symbols and conventions

0 Value rounded to zero
- Zero or not applicable
.. Not available
bold Revised/new
italics Provisional

General notes

  • Individual figures may not sum to the totals due to rounding
  • Percentage changes are calculated on unrounded numbers
  • You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.