Issuance Program Update: MYEFO 2024-25
19 December 2024
The Australian Government has released the Mid-Year Economic and Fiscal Outlook (2024-25 MYEFO). This notice provides updated guidance on planned issuance of Australian Government Securities by the AOFM in 2024-25.
Based on MYEFO forecasts, issuance of Treasury Bonds in 2024-25 has been revised to around $95 billion ($46.4 billion has been completed). This includes around $2 billion of Green Treasury Bond tenders ($600 million has been completed).
Issuance of Treasury Indexed Bonds is expected to be around $3 billion ($1.7 billion has been completed).
Over the remainder of 2024-25, the AOFM plans to:
- issue a new March 2036 Treasury Bond by 31 March 2025 (by syndication and subject to market conditions)
- conduct 2 Treasury Bond tenders most weeks
- hold 1-2 Treasury Indexed Bond tenders each month. Note that tenders will shift from Tuesday to Thursday for the remainder of 2024-25. This change will be reviewed prior to the first tender of 2025-26.
- conduct a Treasury Note tender on Thursday most weeks and maintain at least $25 billion on issue. Treasury Notes on issue will vary based on the government’s cash requirements.
Issuance of Treasury Bonds and Treasury Notes is expected to resume in the week beginning 13 January 2025. Issuance of Treasury Indexed Bonds is expected to resume the following week.
Details of weekly transactions will continue to be announced at midday on the preceding Friday.
The next update on the 2024-25 issuance program will be provided following the release of the 2025-26 Budget.
