Underlying reasons for the increase in long-term securities denominated in foreign currency include currency exchange rate effects and increased net borrowing on the market. Exchange rate effects in euro, US dollars and British pounds are the main contributors to this increase. Total borrowing in long-term debt securities denominated in foreign currency amounted to SEK 2 884 billion at the end of February. Major borrowing occurred mainly in the bank sector, central government, and the non-financial and other financial sector.

The debt stock also increased in long-term securities denominated in Swedish kronor, compared with the previous month. Borrowing in Swedish kronor has now increased by SEK 117 billion in total since December 2018. However, the increase occurred primarily in the housing sector. The debt stock in bonds for the housing sector was valued at SEK 1 938 billion in total at the end of February, of which SEK 1 437 billion was denominated in Swedish kronor. The housing sector has increased borrowing in bonds by SEK 64 billion in total since December 2018.

Borrowing in money market instruments decreased

The debt stock in short-term securities decreased by SEK 10 billion compared with the previous month. This decrease is due to securities denominated in Swedish kronor, in which securities denominated in Swedish kronor in other monetary financial institutions sector decreased by SEK 19 billion. In addition to other monetary financial institutions, securities denominated in Swedish kronor valued at SEK 2 billion decreased in the municipal sector.

Maturity structure

Debt securities valued at SEK 1 217 billion will reach maturity in the next three months. The maturity value in securities denominated in Swedish kronor and foreign currency is SEK 769 billion and SEK 448 billion respectively.

The maturity value is primarily comprised of short-term securities denominated in Swedish kronor valued at SEK 572 billion. Long-term securities denominated in foreign currency with a maturity value of SEK 159 billion have the least impact.

2019-04-16 at 9:30.