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

Released
17 June 2020 03:00 p.m.
Next release
16 July 2020 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
May 2018 May 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020
Total ($m)
Total 82,081 79,330 85,394 86,318 88,045 93,642 100,812
Nominal bonds ($m)
Total 60,749 55,614 61,784 62,484 63,384 63,504 67,454
Financial corporations 19,095 18,027 22,021 22,724 26,538 29,708 34,365
Non-financial corporations 18 1 1 1 6 6 6
Central government 4,073 5,450 5,375 5,639 4,600 3,968 3,608
Local government 58 10 60 85 111 55 55
Non-profit institutions 5 2 2 2 2 1 1
Households 289 307 293 331 352 345 376
Non-residents 37,211 31,817 34,031 33,702 31,775 29,418 29,042
Unallocated 0 0 0 0 0 1 1
Inflation indexed bonds ($m)
Total 16,800 17,900 18,300 18,350 18,400 18,400 18,400
Financial corporations 1,504 2,042 1,891 1,997 2,003 1,676 2,126
Non-financial corporations 1 1 1 1 1 1 1
Central government 8,737 9,820 10,238 10,236 10,274 10,274 10,274
Local government 1 1 1 1 1 1 1
Non-profit institutions 2 2 2 2 2 1 1
Households 28 41 53 53 52 51 52
Non-residents 6,527 5,992 6,113 6,060 6,066 6,395 5,944
Unallocated 1 1 1 1 1 1 1
Treasury bills ($m)
Total 4,100 4,145 2,185 2,285 2,910 7,360 10,260
Financial corporations 3,388 3,648 2,095 2,239 2,812 7,131 9,536
Non-financial corporations - - - - - - 50
Central government - 65 - 0 0 0 454
Local government - 20 - - - 37 37
Households - 1 - - - 11 14
Non-residents 713 411 90 46 99 182 169
Unallocated 0 0 0 0 0 0 0
Kiwi bonds ($m)
Total 182 171 165 164 191 218 238
Other crown debt securities ($m)
Total 250 1,500 2,960 3,035 3,160 4,160 4,460
MEMO ITEM: Secondary market ($m)
Total held in the secondary market1 78,781 76,180 81,177 81,811 82,157 81,509 82,457
Nominal bonds1 58,449 53,464 58,567 58,977 58,496 52,371 50,269
Inflation indexed bonds1 15,800 16,900 17,300 17,350 17,400 17,400 17,230
Treasury bills1 4,100 4,145 2,185 2,285 2,910 7,360 10,260
Kiwi bonds 182 171 165 164 191 218 238
Other crown 250 1,500 2,960 3,035 3,160 4,160 4,460
MEMO ITEM: Non-residents ($m)
Total held by non-residents 44,451 38,391 40,410 39,991 38,108 36,343 35,452
Nominal bonds 37,211 31,817 34,031 33,702 31,775 29,418 29,042
Inflation indexed bonds 6,527 5,992 6,113 6,060 6,066 6,395 5,944
Treasury bills 713 411 90 46 99 182 169
Other crown 0 172 176 183 169 348 298
MEMO ITEM: Non-residents (%)
Proportion held by non-residents2 56.4 50.4 49.8 48.9 46.4 44.6 43.0
Nominal bonds2 63.7 59.5 58.1 57.1 54.3 56.2 57.8
Inflation indexed bonds2 41.3 35.5 35.3 34.9 34.9 36.8 34.5
Treasury bills2 17.4 9.9 4.1 2.0 3.4 2.5 1.6
Other crown2 0.1 11.5 5.9 6.0 5.3 8.4 6.7
  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.