Australian Government Securities

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The Australian Government currently issues Australian Government Securities (AGS) in the form of  Treasury Bonds, Treasury Indexed Bonds and Treasury Notes.

Major features of the AGS market

  • Australia is rated AAA by the three major rating agencies.
  • AGS can be easily traded in the secondary market via a number of domestic and international price makers.
  • One of the highest yielding sovereign securities markets amongst OECD countries (Organisation for Economic Co-operation and Development).
  • Interest payments on AGS are eligible for exemption from non-resident interest withholding tax (IWT). See AOFM Operational Notice published on 10 December 2009.
  • Access to indicative yields for Treasury Bonds and Treasury Indexed Bonds at The Reserve Bank of Australia (RBA).

Points of interest of AGS

  • Treasury Bonds are issued on behalf of the Australia Government by the AOFM via weekly primary tenders and occasional syndicated deals.
  • Treasury Bonds are also traded domestically and internationally on a number of trading platforms (including Yieldbroker, Bloomberg Bond Trader and Tradeweb)
  • Australia has a highly liquid, exchange-traded bond futures market with 3, 10 and 20 year contracts traded on the Australian Securities Exchange (ASX). All contracts facilitate trading and hedging in AGS as well as complementing the liquidity of AGS.
  • There is an active Repurchase Agreement (Repo) market for Treasury Bonds in Australia.
  • AGS are widely held and traded by investors globally.

AGS on issue

The amount of AGS on issue is available on the AOFM home page.

Institutional investors

Buying AGS may be done in two ways, in the Primary market and Secondary market. For more information see How to buy AGS.

Retail investors

Exchange-traded Australian Government Bonds are quoted and traded on the Australian Securities Exchange (ASX) and offer a convenient and readily accessible way to invest in Australian Government Bonds. For more information, go to:

Last updated: 7 August 2017