Holdings of central government debt securities (D30)
This data tracks the total debt securities, such as bonds and treasury bills, on issue in New Zealand and which sector is holding those securities.
|Oct 2020||Oct 2021||Jun 2022||Jul 2022||Aug 2022||Sep 2022||Oct 2022|
|Nominal bonds ($m)|
|Inflation indexed bonds ($m)|
|Treasury bills ($m)|
|Kiwi bonds ($m)|
|Other crown debt securities ($m)|
|MEMO ITEM: Secondary market ($m)|
|Total held in the secondary market1||90,898||100,214||106,517||108,021||110,564||112,162||113,631|
|Inflation indexed bonds1||16,013||16,483||16,643||16,673||17,733||17,733||17,733|
|MEMO ITEM: Non-residents ($m)|
|Total held by non-residents||37,669||50,178||57,155||58,056||59,312||59,691||61,404|
|Inflation indexed bonds||5,379||5,893||5,620||5,582||6,169||6,174||5,926|
|MEMO ITEM: Non-residents (%)|
|Proportion held by non-residents2||41.4||50.1||53.7||53.7||53.6||53.2||54.0|
|Inflation indexed bonds2||33.6||35.8||33.8||33.5||34.8||34.8||33.4|
The data: coverage, periodicity and timeliness
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
We publish data approximately three weeks after the end of the reference month.
Access by the public
Statistics release calendar
The statistics release calendar provides a long-term plan of scheduled releases. We update and release it on the first working day of the month.
Changes in methodology
From August 2016, we have sourced data from a securities database we developed. We have backdated data to July 2015, but this may differ from previously published data due to improvements in the classification of entities to the resident or non-resident sector.
The total amount of government securities on issue matches the data the NZDMO publishes. In instances where we repurchase government securities on behalf of the NZDMO, the data will not reconcile with that of NZDMO.
Individual government 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 are wholesale fixed-term debt securities issued by the Crown to registered tender counterparties. Bills are issued with three-month, six-month and one-year maturities.
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 Housing New Zealand Limited (known as Kāinga Ora), universities, museums, and District Health Boards (DHBs).
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 us and registered banks in New Zealand.
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 is responsible for functions such as taxation, law and order, defence and those responsible for advancing the economic and social wellbeing 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 consists of territorial authorities and regional councils, as well as the other non-market units and non-profit institutions they control.
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 are New Zealand resident individuals, families, whänau, hapü and marae in their role as final consumers and as owners of production factors.
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 is used where the sector of ownership cannot be identified.
The nominal value of securities represents the amount to be repaid at maturity.
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 us, 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 us, EQC and SRESL.
Symbols and conventions for summary table
|Symbol or convention||Definition|
|0||Zero or value rounded to zero|
|Light grey background||Historical|
- 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.
View other data in the New Zealand debt securities statistics series.