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

Released
16 August 2017 03:00 p.m.
Next release
15 September 2017 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
Jul 2015 Jul 2016 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017
Total ($m)
Total 77,285 80,275 82,049 82,152 81,980 82,028 82,246
Nominal bonds ($m)
Total 56,231 62,481 62,554 62,358 62,088 61,888 62,088
Financial corporations 12,210 16,337 19,299 19,097 18,793 19,184 19,459
Non-financial corporations 3 15 19 19 18 18 18
Central government 3,764 2,631 3,298 3,301 3,457 2,923 3,149
Local government 6 26 31 31 30 30 30
Non-profit institutions 11 11 11 11 11 11 11
Households 252 298 305 311 314 337 333
Non-residents 39,986 43,163 39,590 39,586 39,464 39,383 39,087
Unallocated 0 1 1 2 2 2 2
Inflation indexed bonds ($m)
Total 13,562 13,400 15,500 15,600 15,700 15,800 15,900
Financial corporations 1,749 1,212 1,273 1,282 1,285 1,267 1,239
Non-financial corporations 1 1 1 1 1 1 1
Central government 5,656 7,022 7,935 8,046 8,063 8,241 8,359
Local government 4 1 1 1 1 1 1
Non-profit institutions 5 1 2 2 2 2 2
Households 61 29 34 40 40 40 40
Non-residents 6,084 5,133 6,253 6,227 6,308 6,247 6,257
Unallocated 3 1 1 1 1 1 1
Treasury bills ($m)
Total 7,200 4,140 3,750 3,950 3,950 4,100 4,020
Financial corporations 6,392 3,806 3,396 3,621 3,655 3,848 3,880
Non-financial corporations - - - - - - -
Central government 100 90 - - - - -
Local government - - - - - - -
Households 7 3 3 - - 3 3
Non-residents 701 242 351 330 295 250 138
Unallocated - - - - - - -
Kiwi bonds ($m)
Total 189 203 194 193 191 189 187
Other crown debt securities ($m)
Total 103 51 51 51 51 51 51
MEMO ITEM: Secondary market ($m)
Total held in the secondary market1 73,182 76,201 78,311 78,415 78,465 78,340 77,477
Nominal bonds1 53,511 59,561 59,961 59,765 59,715 59,340 58,457
Inflation indexed bonds1 12,571 12,500 14,600 14,700 14,800 14,900 15,000
Treasury bills1 7,100 4,140 3,750 3,950 3,950 4,100 4,020
MEMO ITEM: Non-residents ($m)
Total held by non-residents 46,770 48,538 46,195 46,143 46,067 45,881 45,482
Nominal bonds 39,986 43,163 39,590 39,586 39,464 39,383 39,087
Inflation indexed bonds 6,084 5,133 6,253 6,227 6,308 6,247 6,257
Treasury bills 701 242 351 330 295 250 138
MEMO ITEM: Non-residents (%)
Proportion held by non-residents2 63.9 63.7 59.0 58.8 58.7 58.6 58.7
Nominal bonds2 74.7 72.5 66.0 66.2 66.1 66.4 66.9
Inflation indexed bonds2 48.4 41.1 42.8 42.4 42.6 41.9 41.7
Treasury bills2 9.9 5.8 9.4 8.3 7.5 6.1 3.4
  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 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.

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).

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 for summary table

0 Value rounded to zero
- Zero or 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.