Dec 16, 2008

Another $5 billion worth of Treasury bonds to be issued

by Alan Thornhill

The Federal government is issuing up to another $5 billion worth of Commonwealth Securities.

The Treasurer Wayne Swan says it is doing this to “ensure the effective operation of Australia’s financial markets.”

These markets, of course, are under great pressure at present, as a result of the global economic crisis.

And Swan says his latest decision is a response to market demand.

“There has been strong demand for Australian Government Treasury Bonds in the wake of the global financial crisis,” he says.

That’s understandable.

These securities are, essentially, risk free.

And very little else is, at present.

Mr Swan admitted, though, that even the latest $5 billion worth of securities is not likely to satisfy the market for long.

“There continues to be strong demand for Treasury Bonds,” he says.

“And further issuance is likely to be necessary over coming months…,” he adds.

Swan says the government will continue to watch the market closely.


Please visit our sponsor

1 Comment

  • [...] Another $5 billion of Treasury bonds to be issued The Reserve Bank will issue the minutes of its December 2 meeting today  The Dow Jones index was 100.19 points down shortly before 3pm New York time The $A was selling at 66.46 US cents a short time ago Statistics: Today dwelling unit commencements September.  Tomorrow Merchandise imports Australia, November. Thursday National accounts, financial accounts, September. [...]

Profile

Alan ThornhillAlan Thornhill is a parliamentary press gallery journalist. Private Briefing is updated daily with Australian personal finance news, analysis, and commentary.

The Latest

10 February 2012

The Dow Jones index rose 6.66 points to 12,890.60

The $A was fetching 107.89 US cents early today

Headlines

Greek government agrees to austerity deal

Please visit our sponsor
Please visit our sponsor

Topics

Recent Comments