AOFM target stable as budget sets out plans for larger Treasury market
- Wednesday, 11 May 2011
Following Australia's federal budget, the Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) on May 11 announced a slightly reduced gross Treasury bond issuance programme for the 2011/12 financial year with new issuance in line with the current year's figure. The budget also contained a commitment to keeping a larger pool of government bonds outstanding even after Australia returns to surplus.
