AOFM issuance keeps on growing following federal budget

The Australian Office of Financial Management (AOFM) confirmed on May 4 that its expected issuance for 2016/17 will once again be greater than the preceding year, following the release of the Australian Commonwealth budget on May 3. The AOFM expects to issue A$90 billion (US$67.5 billion) of Treasury bonds in its next financial year, including net new issuance of A$69 billion.