Issuance of government bonds reached its peak for the current cycle during the 2011/12 financial year, according to the Australian Office of Financial Management.
The AOFM, which released its annual report yesterday, said that the Government's intention to return the Budget to surplus in 2012/13 meant that issuance was likely to decline in the current year.
The AOFM is responsible for the management of Australian government debt. Treasury bond issuance in the 2011/12 financial year was A$58 billion
The AOFM said that the "ongoing entry of new investors to the market and...
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