Liability in debt securities increased slightly
Statistical news from Statistics Sweden 2016-12-14 13.48
At the end of November, Sweden's total liability in debt securities increased by SEK 12 billion, amounting to SEK 7 386 billion. The short-term liability in debt securities contributed to the increase, since the long-term liability in debt securities amounted to the same level as last month.
Net emissions calculated as emissions minus repurchase and maturity amounted to SEK -10 billion. The bank and government sector had higher values in repurchase and maturity than in issuances during the month and therefore had negative net emissions amounting to SEK 30 billion and SEK 18 billion respectively. On the other hand, other monetary financial institutions and housing credit institutions had net emissions of SEK 21 billion and SEK 14 billion respectively. With regard to currencies, net emissions of Swedish kronor amounting to SEK 42 billion in value were made, while the euro and US dollar had a negative net transaction of SEK 30 billion and SEK 45 billion respectively.
Since 48 percent of the outstanding liability in debt securities consists of securities denominated in foreign currencies, currency fluctuations also affect the value of the liability. At the end of November, as already mentioned, the total liability in debt securities had increased by SEK 12 billion, despite negative net emissions amounting to SEK 10 billion. The difference can largely be explained by currency fluctuations.
In December, SEK 457 billion will reach maturity, which corresponds to 6 percent of the closing value for November. Of these, SEK 329 billion is denominated in Swedish kronor, and 76 percent of this amount comes from other monetary financial institutions, mainly Riksbank certificates. Before the end of the year, securities denominated in foreign currencies amounting to SEK 96 billion in value will mature in the bank sector.
Within a year, SEK 2 064 billion will mature, relatively evenly distributed between long-term and short-term debt securities, and Swedish kronor and foreign currency.
Thirty-nine percent of the closing value for November has a remaining maturity between 2 and 5 years, and 18 percent has a remaining maturity longer than 5 years.
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.