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

Released
17 November 2020 03:00 p.m.
Next release
15 December 2020 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
Oct 2018 Oct 2019 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020
Total ($m)
Total 84,737 83,664 113,665 120,111 123,648 131,970 133,355
Nominal bonds ($m)
Total 62,581 60,334 78,804 86,154 89,804 97,604 100,004
Financial corporations 20,866 20,517 43,876 48,769 53,795 61,036 65,168
Non-financial corporations 9 1 6 6 6 6 6
Central government 4,640 5,896 3,124 2,945 3,193 2,718 2,523
Local government 38 30 55 55 55 55 55
Non-profit institutions 3 2 2 2 2 2 2
Households 294 321 402 396 410 420 428
Non-residents 36,731 33,567 31,338 33,981 32,343 33,366 31,821
Unallocated 0 0 1 1 1 1 1
Inflation indexed bonds ($m)
Total 17,300 18,200 18,400 18,450 18,550 18,650 18,750
Financial corporations 1,679 1,829 2,391 2,537 2,832 3,288 3,609
Non-financial corporations 1 1 1 1 1 1 1
Central government 9,193 10,156 10,274 10,302 10,242 10,077 9,690
Local government 1 1 1 1 1 1 1
Non-profit institutions 2 2 1 1 1 1 1
Households 34 52 53 65 64 68 67
Non-residents 6,389 6,158 5,678 5,542 5,407 5,213 5,379
Unallocated 1 1 1 1 1 1 1
Treasury bills ($m)
Total 3,625 2,485 11,885 11,035 10,925 10,825 9,725
Financial corporations 3,060 2,248 10,776 9,725 9,676 10,096 9,154
Non-financial corporations - - - 137 137 - -
Central government 95 - 859 999 644 534 465
Local government - 30 66 69 69 49 21
Households 1 - 14 1 1 1 1
Non-residents 469 208 170 104 398 145 84
Unallocated 0 0 0 0 0 0 0
Kiwi bonds ($m)
Total 181 170 241 247 244 241 226
Other crown debt securities ($m)
Total 1,050 2,475 4,335 4,225 4,125 4,650 4,650
MEMO ITEM: Secondary market ($m)
Total held in the secondary market1 80,392 80,364 90,605 92,118 91,605 93,757 90,898
Nominal bonds1 59,236 58,034 57,224 59,911 59,754 61,884 60,284
Inflation indexed bonds1 16,300 17,200 16,920 16,700 16,557 16,157 16,013
Treasury bills1 3,625 2,485 11,885 11,035 10,925 10,825 9,725
Kiwi bonds 181 170 241 247 244 241 226
Other crown 1,050 2,475 4,335 4,225 4,125 4,650 4,650
MEMO ITEM: Non-residents ($m)
Total held by non-residents 43,676 40,073 37,480 39,851 38,405 39,130 37,668
Nominal bonds 36,731 33,567 31,338 33,981 32,343 33,366 31,821
Inflation indexed bonds 6,389 6,158 5,678 5,542 5,407 5,213 5,379
Treasury bills 469 208 170 104 398 145 84
Other crown 86 140 293 224 258 407 384
MEMO ITEM: Non-residents (%)
Proportion held by non-residents2 54.3 49.9 41.4 43.3 41.9 41.7 41.4
Nominal bonds2 62.0 57.8 54.8 56.7 54.1 53.9 52.8
Inflation indexed bonds2 39.2 35.8 33.6 33.2 32.7 32.3 33.6
Treasury bills2 12.9 8.4 1.4 0.9 3.6 1.3 0.9
Other crown2 8.2 5.7 6.8 5.3 6.3 8.7 8.3
  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.

The data: coverage, periodicity, and timeliness

Coverage characteristics

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 this page, 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 first working day of the month.

View the Statistics Release Calendar

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. In instances where the Reserve Bank repurchases government securities on behalf of the NZDMO, the data will not reconcile with that of NZDMO.

Data for this is published in the Open market operations table (D3).

Individual government bonds

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

Bonds held by non-residents as a percentage of the total available in the secondary market. The total available in the secondary market excludes bonds held by RBNZ, EQC and SRESL.

Symbols and conventions for summary table

0 Zero or value rounded to zero
- Not applicable
.. Not available
bold Revised/new
italics Provisional
light red background Historical

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.