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

Released
17 March 2020 03:00 p.m.
Next release
21 April 2020 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
Feb 2018 Feb 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020
Total ($m)
Total 79,407 88,057 83,664 84,571 85,219 85,394 86,318
Nominal bonds ($m)
Total 58,849 64,731 60,334 60,884 61,384 61,784 62,484
Financial corporations 18,212 24,415 20,517 21,081 21,884 22,021 22,724
Non-financial corporations 18 9 1 1 1 1 1
Central government 3,653 5,109 5,896 5,726 5,601 5,375 5,639
Local government 38 20 30 30 60 60 85
Non-profit institutions 5 3 2 2 2 2 2
Households 309 316 321 339 288 293 331
Non-residents 36,615 34,859 33,567 33,704 33,549 34,031 33,702
Unallocated 0 0 0 0 0 0 0
Inflation indexed bonds ($m)
Total 16,400 17,600 18,200 18,250 18,300 18,300 18,350
Financial corporations 1,277 1,727 1,829 1,932 1,928 1,891 1,997
Non-financial corporations 1 1 1 1 1 1 1
Central government 8,614 9,493 10,156 10,083 10,238 10,238 10,236
Local government 1 1 1 1 1 1 1
Non-profit institutions 2 2 2 2 2 2 2
Households 38 36 52 52 52 53 53
Non-residents 6,467 6,339 6,158 6,178 6,077 6,113 6,060
Unallocated 1 1 1 1 1 1 1
Treasury bills ($m)
Total 3,900 4,550 2,485 2,395 2,345 2,185 2,285
Financial corporations 3,624 4,001 2,248 2,117 2,166 2,095 2,239
Non-financial corporations - - - - - - -
Central government - 144 - - - - 0
Local government - - 30 30 - - -
Households - 1 - - - - -
Non-residents 276 404 208 249 179 90 46
Unallocated 0 0 0 0 0 0 0
Kiwi bonds ($m)
Total 182 176 170 167 165 165 164
Other crown debt securities ($m)
Total 76 1,000 2,475 2,875 3,025 2,960 3,035
MEMO ITEM: Secondary market ($m)
Total held in the secondary market1 76,357 80,342 80,364 81,151 81,674 81,177 81,811
Nominal bonds1 56,699 58,016 58,034 58,464 58,839 58,567 58,977
Inflation indexed bonds1 15,500 16,600 17,200 17,250 17,300 17,300 17,350
Treasury bills1 3,900 4,550 2,485 2,395 2,345 2,185 2,285
Kiwi bonds 182 176 170 167 165 165 164
Other crown 76 1,000 2,475 2,875 3,025 2,960 3,035
MEMO ITEM: Non-residents ($m)
Total held by non-residents 43,358 41,700 40,073 40,289 39,968 40,410 39,991
Nominal bonds 36,615 34,859 33,567 33,704 33,549 34,031 33,702
Inflation indexed bonds 6,467 6,339 6,158 6,178 6,077 6,113 6,060
Treasury bills 276 404 208 249 179 90 46
Other crown 0 98 140 158 163 176 183
MEMO ITEM: Non-residents (%)
Proportion held by non-residents2 56.8 51.9 49.9 49.6 48.9 49.8 48.9
Nominal bonds2 64.6 60.1 57.8 57.6 57.0 58.1 57.1
Inflation indexed bonds2 41.7 38.2 35.8 35.8 35.1 35.3 34.9
Treasury bills2 7.1 8.9 8.4 10.4 7.6 4.1 2.0
Other crown2 0.4 9.8 5.7 5.5 5.4 5.9 6.0
  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.