Debt securities statistics, January 2017
Increased borrowing through bonds and money market instruments
Statistical news from Statistics Sweden 2017-02-16 9.30
The outstanding balance value in debt securities amounted to SEK 7 424 billion at the end of January, which was an increase of SEK 164 billion compared with the previous month. The increased borrowing is relatively evenly distributed between money market instruments and bonds and 66 percent is comprised of debt securities denominated in Swedish kronor.
The value of the outstanding bond stock rose by 1.2 percent to SEK 6 400 billion, while the value of the money market stock increased by 9.4 percent to SEK 1 024 billion.
Money market instruments increased by SEK 88 billion in January, of which net issues in foreign currency amounted to SEK 68 billion. The increase is mainly due to increased borrowing in US dollars amounting to SEK 35 billion. This represents 40 percent of borrowing in debt securities for short-term debt securities. The debt stock for bonds rose by SEK 76 billion, of which net issue amounted to SEK 75 billion and SEK 69 billion in Swedish kronor and foreign currency respectively.
Banks’ outstanding debt in debt securities increased by SEK 105 billion and amounted to SEK 2 283 billion at the end of the month. Long-term debt securities denominated in Swedish kronor amounting to SEK 41 billion are the main cause of the increase. At the same time, borrowing in bonds denominated in US dollars decreased, in which exchange rate changes had the largest impact. Debt securities denominated in foreign currency are behind the increase in short-term debt securities. The increased borrowing is relatively evenly distributed between debt securities denominated in US dollars and euros. Debt securities denominated in euros increased by SEK 24 billion and debt securities in US dollars increased by SEK 23 billion.
In January, net issues in the housing sector amounted to SEK 30 billion, mainly in Swedish kronor and euros. Borrowing for bonds, including exchange rate changes, increased by SEK 23 billion and amounted to SEK 1 779 billion at the end of the month.
Borrowing also increased among other monetary financial institutions, which includes the Riksbank, and amounted to SEK 858 billion at the end of January. This was an increase of 3 percent compared with the last month. The increase, amounting to SEK 32 billion, was mainly in short term debt liabilities denominated in Swedish kronor. Long-term debt securities denominated in Swedish kronor rose by SEK 3 billion. However, the debt stock for long-term debt securities decreased by SEK 4 billion, of which debt securities denominated in US dollars were behind the largest decrease.
Within the next 12 months, 28 percent of the current securities debt will mature. This corresponds to SEK 2 109 billion, of which 52 percent consists of debt securities denominated in foreign currency. Debt securities denominated in US dollars are the main contributor to this decrease. Among the total stock, mainly banks and other monetary financial institutions have the largest value in maturity within the next twelve months, SEK 820 billion and SEK 408 billion respectively. Primarily Riksbank certificates are behind the decrease in other monetary financial institutions.
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2017-03-16 9.30
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