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

Released
18 April 2017 03:00 p.m.
Next release
12 May 2017 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
Mar 2015 Mar 2016 Nov 2016 Dec 2016 Jan 2017 Feb 2017 Mar 2017
Total ($m)
Total .. 77,577 81,050 81,009 80,454 80,401 82,049
Nominal bonds ($m)
Total .. 60,431 63,104 63,004 62,854 62,704 62,554
Financial corporations .. 15,189 18,226 18,483 18,849 18,745 19,299
Non-financial corporations .. 3 16 16 16 19 19
Central government .. 3,736 3,291 3,231 3,309 3,326 3,298
Local government .. 16 26 26 31 31 31
Non-profit institutions .. 11 11 11 11 11 11
Households .. 277 289 309 310 311 305
Non-residents .. 41,200 41,244 40,927 40,327 40,260 39,590
Unallocated .. 0 1 1 1 1 1
Inflation indexed bonds ($m)
Total .. 13,000 13,650 13,750 13,750 13,850 15,500
Financial corporations .. 1,214 1,006 1,005 1,014 997 1,273
Non-financial corporations .. 1 1 1 1 1 1
Central government .. 6,040 7,203 7,232 7,218 7,253 7,935
Local government .. 1 1 1 1 1 1
Non-profit institutions .. 1 2 2 2 2 2
Households .. 29 25 24 24 25 34
Non-residents .. 5,715 5,412 5,484 5,489 5,571 6,253
Unallocated .. 1 1 1 1 1 1
Treasury bills ($m)
Total .. 3,900 4,040 4,000 3,600 3,600 3,750
Financial corporations .. 3,702 3,695 3,652 3,327 3,335 3,396
Non-financial corporations .. - - - - - -
Central government .. - 82 92 - - -
Local government .. - - - - - -
Households .. 5 - 3 3 3 3
Non-residents .. 193 263 254 270 263 351
Unallocated .. - - - - - -
Kiwi bonds ($m)
Total .. 195 205 204 199 196 194
Other crown debt securities ($m)
Total .. 51 51 51 51 51 51
MEMO ITEM: Secondary market ($m)
Total held in the secondary market1 .. 73,511 77,451 77,411 76,861 76,811 78,311
Nominal bonds1 .. 57,511 60,511 60,411 60,261 60,111 59,961
Inflation indexed bonds1 .. 12,100 12,900 13,000 13,000 13,100 14,600
Treasury bills1 .. 3,900 4,040 4,000 3,600 3,600 3,750
MEMO ITEM: Non-residents ($m)
Total held by non-residents .. 47,108 46,919 46,666 46,086 46,095 46,195
Nominal bonds .. 41,200 41,244 40,927 40,327 40,260 39,590
Inflation indexed bonds .. 5,715 5,412 5,484 5,489 5,571 6,253
Treasury bills .. 193 263 254 270 263 351
MEMO ITEM: Non-residents (%)
Proportion held by non-residents2 .. 64.1 60.6 60.3 60.0 60.0 59.0
Nominal bonds2 .. 71.6 68.2 67.7 66.9 67.0 66.0
Inflation indexed bonds2 .. 47.2 42.0 42.2 42.2 42.5 42.8
Treasury bills2 .. 4.9 6.5 6.3 7.5 7.3 9.4
  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.

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.