Australian Government Securities
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).
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.
- Issuance activities are outlined in AOFM’s issuance program (indicative only).
- Tender announcements and results are distributed via the AOFM subscriber email.
- The amount of AGS on issue is available on the AOFM home page.
- Indicative yields for Treasury Bonds and Treasury Indexed Bonds are available on the Reserve Bank of Australia (RBA) website.
There are two ways to buy AGS: the primary market and the secondary market. For more information see How to buy AGS.
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: 3 January 2018