Government securities outstanding - Weekly update

[drsmith]

Each week, the Australian Office of Financial Management updates Government securities outstanding. The purpose of this thread is to keep track of these updates and discuss the potential impact on the federal budget.

Note though that redemptions can make week to week and even month to month figures lumpy, but it will be interesting to observe variations in the longer term trend from a budget balance perspective.

Government securities outstanding as at the end of June/July/Aug were $234.0/234.3/245.3bn respectively and $244,126m on September 07.

http://www.aofm.gov.au/

[drsmith]

September 14: $246,126m

[drsmith]

September 21: $248,126m

[sails]

Thanks for putting this up drsmith! But 2 billion per week? At that rate it will be another 100 billion if an election is 12 months away.

Surely, if labor care about their mate's jobs in the public service, they will pull the belt in themselves and stop this continual wasteful and irresponsible spending. Otherwise they are setting their mates up to lose their jobs with severe austerity measures in an attempt to pull this country out of financial danger. And then labor will probably have the hide to blame the coalition for the job losses. Pathetic.

[drsmith]

When available, the September 28 weekly figure will also be the monthly and quarterly. As at September 21, securities on issue have increased by $14bn since June 30. In the absence of a lumpy redemption in the past week, the 3-month accumulation will the government's finances are still going backwards at a rate of knots.

$16bn would equate to $64bn over a year.

[drsmith]

No lumpy redemptions.

September 28: $250,126m

[DB008]

18th May 2012




22nd June 2012

[drsmith]

$2bn a week is becoming a common theme.

October 5: $252,126m.

[CanOz]

$2bn a week is becoming a common theme.

October 5: $252,126m.

Who wants to extrapolate this? Is this a currency effect?

Are these from recent bond auctions? How much do they auction at a time?

CanOz

[drsmith]

Who wants to extrapolate this? Is this a currency effect?

Are these from recent bond auctions? How much do they auction at a time?

CanOz

It varies, but recent auctions have been around $500m a pop.

The issuance program is outlined in the following link. It doesn't however provide sufficient information to judge where they are relative to where they currently should be.

http://www.aofm.gov.au/content/borrowing/calendar.asp

[drsmith]

A bit over $4bn this week.

October 12: $256,386m

[drsmith]

October 19: $259,136m

[drsmith]

Down $3.2bn this week.

October 26: $255,936m.

Their must have been a lumpy redemption.

[DB008]

This weeks close....




and


AOFM sells $3b of Treasury notes

http://mobile.news.com.au/business/b...rom=public_rss

[DB008]

Weekly update from the AOFM website.

AOFM 01.jpg

[DB008]

As at 18 January 2013

Total Commonwealth Government Securities
on Issue - $263,286m

consisting of:

Treasury Bonds - $223,148m
Treasury Indexed Bonds - $17,119m
Treasury Notes - $23,000m
Other Securities - $19m

Securities on issue subject to the limit under the Commonwealth Inscribed Stock Act 1911 total $258,699 million.

[DB008]

Been a while since an update...

[sails]

Been a while since an update...

That's nearly another $10 billion down the gurgler while they are still collecting revenue.

And a billion is a thousand million.

What on earth are they doing with it all? It's not like there's much in the way useful infrastructure being built.