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Treasury bond issuance will reduce

Treasury bond issuance in 2014/15 is expected to be around A$63 billion, the Australian Office of Financial Management said yesterday. This is down from the approximately $80 billion, in face value terms, issued in 2013/14. The AOFM said this figure included pre-funding for 2014/15 of around $4 billion "in order to maintain the rate of issuance over the remainder of the current year."After accounting for maturities of $27 billion this represents net issuance of $36 billion, the AOFM said.Three tenders for the issue of Treasury Indexed Bonds are planned in the next financial year, to raise around $4 billion.

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