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

Released
17 September 2020 03:00 p.m.
Next release
16 October 2020 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
Aug 2018 Aug 2019 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020
Total ($m)
Total 83,211 80,099 93,642 100,812 113,665 120,111 123,648
Nominal bonds ($m)
Total 61,231 57,034 63,504 67,454 78,804 86,154 89,804
Financial corporations 19,088 19,136 29,708 34,365 43,876 48,769 53,795
Non-financial corporations 9 1 6 6 6 6 6
Central government 4,533 5,356 3,968 3,608 3,124 2,945 3,193
Local government 52 30 55 55 55 55 55
Non-profit institutions 3 2 1 1 2 2 2
Households 284 319 345 376 402 396 410
Non-residents 37,262 32,190 29,418 29,042 31,338 33,981 32,343
Unallocated 0 0 1 1 1 1 1
Inflation indexed bonds ($m)
Total 17,100 18,100 18,400 18,400 18,400 18,450 18,550
Financial corporations 1,499 1,777 1,676 2,126 2,391 2,537 2,832
Non-financial corporations 1 1 1 1 1 1 1
Central government 9,189 10,115 10,274 10,274 10,274 10,302 10,242
Local government 1 1 1 1 1 1 1
Non-profit institutions 2 2 1 1 1 1 1
Households 34 45 51 52 53 65 64
Non-residents 6,374 6,159 6,395 5,944 5,678 5,542 5,407
Unallocated 1 1 1 1 1 1 1
Treasury bills ($m)
Total 3,900 2,920 7,360 10,260 11,885 11,035 10,925
Financial corporations 3,161 2,551 7,131 9,536 10,776 9,725 9,676
Non-financial corporations - - - 50 - 137 137
Central government 70 50 0 454 859 999 644
Local government - 50 37 37 66 69 69
Households - - 11 14 14 1 1
Non-residents 669 270 182 169 170 104 398
Unallocated 0 0 0 0 0 0 0
Kiwi bonds ($m)
Total 180 170 218 238 241 247 244
Other crown debt securities ($m)
Total 800 1,875 4,160 4,460 4,335 4,225 4,125
MEMO ITEM: Secondary market ($m)
Total held in the secondary market1 79,911 76,949 81,509 82,457 90,605 92,118 91,605
Nominal bonds1 58,931 54,884 52,371 50,269 57,224 59,911 59,754
Inflation indexed bonds1 16,100 17,100 17,400 17,230 16,920 16,700 16,557
Treasury bills1 3,900 2,920 7,360 10,260 11,885 11,035 10,925
Kiwi bonds 180 170 218 238 241 247 244
Other crown 800 1,875 4,160 4,460 4,335 4,225 4,125
MEMO ITEM: Non-residents ($m)
Total held by non-residents 44,379 38,759 36,343 35,452 37,480 39,851 38,405
Nominal bonds 37,262 32,190 29,418 29,042 31,338 33,981 32,343
Inflation indexed bonds 6,374 6,159 6,395 5,944 5,678 5,542 5,407
Treasury bills 669 270 182 169 170 104 398
Other crown 74 141 348 298 293 224 258
MEMO ITEM: Non-residents (%)
Proportion held by non-residents2 55.5 50.4 44.6 43.0 41.4 43.3 41.9
Nominal bonds2 63.2 58.7 56.2 57.8 54.8 56.7 54.1
Inflation indexed bonds2 39.6 36.0 36.8 34.5 33.6 33.2 32.7
Treasury bills2 17.2 9.2 2.5 1.6 1.4 0.9 3.6
Other crown2 9.2 7.5 8.4 6.7 6.8 5.3 6.3
  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.