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

Released
20 April 2021 03:00 p.m.
Next release
18 May 2021 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
Mar 2019 Mar 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 Mar 2021
Total ($m)
Total 79,394 88,045 138,046 139,693 140,268 145,665 148,523
Nominal bonds ($m)
Total 55,744 63,384 105,954 108,354 109,254 114,254 116,504
Financial corporations 17,414 26,538 69,290 71,974 72,451 75,635 78,069
Non-financial corporations 1 6 5 7 7 5 5
Central government 5,292 4,600 2,409 2,482 2,008 2,046 1,978
Local government 40 111 55 55 55 55 55
Non-profit institutions 2 2 2 2 2 3 3
Households 289 352 441 444 451 431 455
Non-residents 32,706 31,775 33,751 33,389 34,279 36,076 35,938
Unallocated 0 0 1 1 1 1 1
Inflation indexed bonds ($m)
Total 17,700 18,400 18,850 18,950 19,000 19,050 19,150
Financial corporations 1,679 2,003 3,713 3,853 3,885 3,951 4,092
Non-financial corporations 1 1 1 1 1 1 1
Central government 9,604 10,274 9,644 9,419 9,416 9,350 9,409
Local government 1 1 1 1 1 1 1
Non-profit institutions 2 2 1 1 1 1 1
Households 39 52 70 71 73 73 73
Non-residents 6,374 6,066 5,419 5,602 5,621 5,672 5,571
Unallocated 1 1 1 1 1 1 1
Treasury bills ($m)
Total 4,750 2,910 8,475 7,750 7,300 7,550 8,150
Financial corporations 4,035 2,812 8,070 7,242 5,705 5,375 6,175
Non-financial corporations - - - - - - -
Central government 144 0 202 107 96 68 -
Local government 30 - 21 12 12 12 12
Households 1 - 1 1 1 1 1
Non-residents 540 99 181 388 1,486 2,094 1,962
Unallocated 0 0 0 0 0 0 0
Kiwi bonds ($m)
Total 175 191 217 214 214 211 194
Other crown debt securities ($m)
Total 1,025 3,160 4,550 4,425 4,500 4,600 4,525
MEMO ITEM: Secondary market ($m)
Total held in the secondary market1 76,244 82,157 92,004 90,756 90,226 93,158 93,394
Nominal bonds1 53,594 58,496 62,774 62,384 62,224 64,844 64,542
Inflation indexed bonds1 16,700 17,400 15,988 15,983 15,988 15,953 15,983
Treasury bills1 4,750 2,910 8,475 7,750 7,300 7,550 8,150
Kiwi bonds 175 191 217 214 214 211 194
Other crown 1,025 3,160 4,550 4,425 4,500 4,600 4,525
MEMO ITEM: Non-residents ($m)
Total held by non-residents 39,710 38,108 39,749 39,775 41,787 44,244 43,889
Nominal bonds 32,706 31,775 33,751 33,389 34,279 36,076 35,938
Inflation indexed bonds 6,374 6,066 5,419 5,602 5,621 5,672 5,571
Treasury bills 540 99 181 388 1,486 2,094 1,962
Other crown 91 169 399 396 400 403 418
MEMO ITEM: Non-residents (%)
Proportion held by non-residents2 52.1 46.4 43.2 43.8 46.3 47.5 47.0
Nominal bonds2 61.0 54.3 53.8 53.5 55.1 55.6 55.7
Inflation indexed bonds2 38.2 34.9 33.9 35.0 35.2 35.6 34.9
Treasury bills2 11.4 3.4 2.1 5.0 20.4 27.7 24.1
Other crown2 8.8 5.3 8.8 8.9 8.9 8.8 9.2
  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.