A day after the 2 April presentation of the Australian federal government’s budget for 2019/20, the Australian Office of Financial Management (AOFM) revealed that is expects to issue A$58 billion (US$41 billion) of Treasury bonds in the coming financial year – up by A$4 billion on 2018/19. At the same time, the government debt-management agency plans to issue just A$2.5 billion of inflation-linked bonds in 2019/20 – down from A$5.9 billion this year.