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Issuance Program Update: MYEFO 2025-26

18 December 2025

The Australian Government has released the Mid-Year Economic and Fiscal Outlook (MYEFO). This notice provides updated guidance on planned issuance of Australian Government Securities by the AOFM in 2025-26.

Planned issuance of Treasury Bonds (including Green Treasury Bonds) for 2025-26 has been revised to around $125 billion (of which $62.5 billion has been completed). Planned issuance of Treasury Indexed Bonds in 2025-26 remains between $2 billion and $3 billion (of which $1.5 billion has been completed).

Over the remainder of 2025-26, the AOFM plans to:

  • Issue a new October 2037 Treasury Bond (by syndication and subject to market conditions)
  • Issue a new June 2036 Green Treasury Bond (by syndication and subject to market conditions)
  • Conduct Treasury Bond tenders most weeks
  • Hold 1-2 Treasury Indexed Bond tenders each month.
  • Conduct a Treasury Note tender most weeks and maintain at least $25 billion on issue. Treasury Notes on issue will vary based on the government’s cash requirements.

Treasury Bond and Treasury Note tenders are planned to resume in the week commencing 12 January 2026. The next Treasury Indexed Bond tender is planned to be held on 12 February 2026.

Details of weekly transactions will be announced at midday on the preceding Friday.