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

Released
17 October 2017 03:00 p.m.
Next release
16 November 2017 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
Sep 2015 Sep 2016 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017
Total ($m)
Total 76,538 81,777 81,980 82,028 82,246 82,844 83,143
Nominal bonds ($m)
Total 57,031 64,031 62,088 61,888 62,088 62,588 62,788
Financial corporations 12,969 17,831 18,793 19,184 19,459 19,878 20,342
Non-financial corporations 3 16 18 18 18 18 18
Central government 3,690 3,333 3,457 2,923 3,149 3,332 3,537
Local government 11 26 30 30 30 30 30
Non-profit institutions 11 11 11 11 11 9 9
Households 257 293 314 337 333 342 338
Non-residents 40,090 42,521 39,464 39,383 39,087 38,978 38,512
Unallocated 0 1 2 2 2 2 2
Inflation indexed bonds ($m)
Total 13,762 13,450 15,700 15,800 15,900 16,000 16,100
Financial corporations 1,608 972 1,285 1,267 1,239 1,211 1,208
Non-financial corporations 1 1 1 1 1 1 1
Central government 6,074 7,151 8,063 8,241 8,359 8,408 8,506
Local government 4 1 1 1 1 1 1
Non-profit institutions 5 1 2 2 2 2 2
Households 64 27 40 40 40 38 37
Non-residents 6,003 5,296 6,308 6,247 6,257 6,339 6,346
Unallocated 3 1 1 1 1 1 1
Treasury bills ($m)
Total 5,500 4,040 3,950 4,100 4,020 4,020 4,020
Financial corporations 4,993 3,688 3,655 3,848 3,880 3,588 3,618
Non-financial corporations 82 - - - - 20 -
Central government - 107 - - - - -
Local government - - - - - - -
Households 0 3 - 3 3 - 3
Non-residents 425 242 295 250 138 412 399
Unallocated - - - - - - -
Kiwi bonds ($m)
Total 193 205 191 189 187 185 184
Other crown debt securities ($m)
Total 53 51 51 51 51 51 51
MEMO ITEM: Secondary market ($m)
Total held in the secondary market1 72,582 77,651 78,465 78,340 77,477 78,048 78,348
Nominal bonds1 54,311 60,911 59,715 59,340 58,457 58,928 59,128
Inflation indexed bonds1 12,771 12,700 14,800 14,900 15,000 15,100 15,200
Treasury bills1 5,500 4,040 3,950 4,100 4,020 4,020 4,020
MEMO ITEM: Non-residents ($m)
Total held by non-residents 46,519 48,060 46,067 45,881 45,482 45,729 45,257
Nominal bonds 40,090 42,521 39,464 39,383 39,087 38,978 38,512
Inflation indexed bonds 6,003 5,296 6,308 6,247 6,257 6,339 6,346
Treasury bills 425 242 295 250 138 412 399
MEMO ITEM: Non-residents (%)
Proportion held by non-residents2 64.1 61.9 58.7 58.6 58.7 58.6 57.8
Nominal bonds2 73.8 69.8 66.1 66.4 66.9 66.1 65.1
Inflation indexed bonds2 47.0 41.7 42.6 41.9 41.7 42.0 41.7
Treasury bills2 7.7 6.0 7.5 6.1 3.4 10.3 9.9
  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.