The Australian Office of Financial Management announced on Wednesday following the release of the 2023-24 Budget, that based on Budget forecasts, issuance of Treasury Bonds in 2023-24 is expected to be around $75 billion. Issuance of Treasury Indexed Bonds is anticipated to be between $2 and $4 billion.
In 2022-23, issuance of Treasury Bonds will be around $80 billion. Treasury Indexed Bond issuance will be around $2.2 billion.
The AOFM will remain active in the Treasury Note market with regular issuance for cash management purposes.
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It said that more detailed guidance on issuance plans for the first half of 2023-24 (including any planned new maturities) will be provided on 30 June 2023.
