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

Released
16 November 2017 03:00 p.m.
Next release
18 December 2017 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
Oct 2015 Oct 2016 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017
Total ($m)
Total 78,536 81,183 82,028 82,246 82,844 83,143 83,722
Nominal bonds ($m)
Total 59,431 63,337 61,888 62,088 62,588 62,788 63,288
Financial corporations 13,752 18,012 19,184 19,459 19,878 20,342 19,962
Non-financial corporations 3 16 18 18 18 18 18
Central government 3,651 3,594 2,923 3,149 3,332 3,537 3,716
Local government 11 26 30 30 30 30 45
Non-profit institutions 11 11 11 11 9 9 9
Households 263 297 337 333 342 338 331
Non-residents 41,741 41,381 39,383 39,087 38,978 38,512 39,206
Unallocated 0 1 2 2 2 2 2
Inflation indexed bonds ($m)
Total 13,862 13,550 15,800 15,900 16,000 16,100 16,100
Financial corporations 1,558 1,007 1,267 1,239 1,211 1,208 1,181
Non-financial corporations 1 1 1 1 1 1 1
Central government 6,325 7,156 8,241 8,359 8,408 8,506 8,500
Local government 4 1 1 1 1 1 1
Non-profit institutions 6 1 2 2 2 2 2
Households 64 25 40 40 38 37 37
Non-residents 5,901 5,358 6,247 6,257 6,339 6,346 6,377
Unallocated 3 1 1 1 1 1 1
Treasury bills ($m)
Total 5,000 4,040 4,100 4,020 4,020 4,020 4,100
Financial corporations 4,416 3,646 3,848 3,880 3,588 3,618 3,704
Non-financial corporations 72 - - - 20 - -
Central government - 82 - - - - -
Local government - - - - - - -
Households 5 3 3 3 - 3 3
Non-residents 508 309 250 138 412 399 394
Unallocated - - - - - - -
Kiwi bonds ($m)
Total 191 205 189 187 185 184 183
Other crown debt securities ($m)
Total 53 51 51 51 51 51 51
MEMO ITEM: Secondary market ($m)
Total held in the secondary market1 74,382 77,151 78,340 77,477 78,048 78,348 78,928
Nominal bonds1 56,511 60,311 59,340 58,457 58,928 59,128 59,628
Inflation indexed bonds1 12,871 12,800 14,900 15,000 15,100 15,200 15,200
Treasury bills1 5,000 4,040 4,100 4,020 4,020 4,020 4,100
MEMO ITEM: Non-residents ($m)
Total held by non-residents 48,150 47,049 45,881 45,482 45,729 45,257 45,977
Nominal bonds 41,741 41,381 39,383 39,087 38,978 38,512 39,206
Inflation indexed bonds 5,901 5,358 6,247 6,257 6,339 6,346 6,377
Treasury bills 508 309 250 138 412 399 394
MEMO ITEM: Non-residents (%)
Proportion held by non-residents2 64.7 61.0 58.6 58.7 58.6 57.8 58.3
Nominal bonds2 73.9 68.6 66.4 66.9 66.1 65.1 65.8
Inflation indexed bonds2 45.8 41.9 41.9 41.7 42.0 41.7 42.0
Treasury bills2 10.2 7.7 6.1 3.4 10.3 9.9 9.6
  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.

Roll-out of new Excel file format

On 22 November 2017 we will change the format of all current Excel from .xls to .xlsx.

A file with the XLS extension is a Microsoft Excel 97-2003 Worksheet file. Later versions of Excel save spreadsheet files in the XLSX format. This change in format is required as the XLS format is becoming obsolete.

Initially we will not change the format of the Excel files that are no longer current or updated, e.g. discontinued statistics. We will look to apply the format change to these files over the next few months.

We are not changing the presentation of the data in the Excel files.

If you have any questions please contact stats-info@rbnz.govt.nz.

15 November 2017

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.