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

Released
17 April 2018 03:00 p.m.
Next release
16 May 2018 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
Mar 2016 Mar 2017 Nov 2017 Dec 2017 Jan 2018 Feb 2018 Mar 2018
Total ($m)
Total 77,577 82,049 83,871 78,783 78,932 79,407 81,657
Nominal bonds ($m)
Total 60,431 62,554 63,638 58,149 58,499 58,849 60,749
Financial corporations 15,189 19,299 20,343 17,323 17,827 18,212 19,563
Non-financial corporations 3 19 18 18 18 18 18
Central government 3,736 3,298 3,825 3,695 3,554 3,653 3,640
Local government 16 31 45 8 13 38 38
Non-profit institutions 11 11 9 5 5 5 5
Households 277 305 335 290 300 309 271
Non-residents 41,200 39,590 39,061 36,811 36,783 36,615 37,214
Unallocated 0 1 2 0 0 0 0
Inflation indexed bonds ($m)
Total 13,000 15,500 16,200 16,300 16,300 16,400 16,600
Financial corporations 1,214 1,273 1,247 1,285 1,267 1,277 1,418
Non-financial corporations 1 1 1 1 1 1 1
Central government 6,040 7,935 8,515 8,661 8,704 8,614 8,673
Local government 1 1 1 1 1 1 1
Non-profit institutions 1 2 2 2 2 2 2
Households 29 34 39 39 39 38 26
Non-residents 5,715 6,253 6,395 6,310 6,285 6,467 6,478
Unallocated 1 1 1 1 1 1 1
Treasury bills ($m)
Total 3,900 3,750 3,800 4,100 3,900 3,900 4,000
Financial corporations 3,702 3,396 3,601 3,845 3,623 3,624 3,570
Non-financial corporations - - - - - - -
Central government - - - - - - -
Local government - - - - - - -
Households 5 3 3 3 - - -
Non-residents 193 351 197 253 277 276 420
Unallocated 0 0 0 0 0 0 0
Kiwi bonds ($m)
Total 195 194 182 183 182 182 182
Other crown debt securities ($m)
Total 51 51 51 51 51 76 126
MEMO ITEM: Secondary market ($m)
Total held in the secondary market1 73,511 78,311 79,078 75,499 75,649 76,099 78,049
Nominal bonds1 57,511 59,961 59,978 55,999 56,349 56,699 58,449
Inflation indexed bonds1 12,100 14,600 15,300 15,400 15,400 15,500 15,600
Treasury bills1 3,900 3,750 3,800 4,100 3,900 3,900 4,000
MEMO ITEM: Non-residents ($m)
Total held by non-residents 47,108 46,195 45,653 43,375 43,345 43,358 44,113
Nominal bonds 41,200 39,590 39,061 36,811 36,783 36,615 37,214
Inflation indexed bonds 5,715 6,253 6,395 6,310 6,285 6,467 6,478
Treasury bills 193 351 197 253 277 276 420
MEMO ITEM: Non-residents (%)
Proportion held by non-residents2 64.1 59.0 57.7 57.5 57.3 57.0 56.5
Nominal bonds2 71.6 66.0 65.1 65.7 65.3 64.6 63.7
Inflation indexed bonds2 47.2 42.8 41.8 41.0 40.8 41.7 41.5
Treasury bills2 4.9 9.4 5.2 6.2 7.1 7.1 10.5
  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 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.