Comments by "" (@pwillis1589) on "Election 2022 state of play: Here's how the campaign will play out" video.
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@GarretKrampe Here’s your answer. With 2 minutes of research.
In April, the Australian government issued a record $13 billion in new bonds on a single day. Reportedly, more than two-thirds of the interest in the government bond deal came from domestic banks. Prime Minister Scott Morrison said it reflected confidence the Australian economy could pay off its debt.
According to reports, offshore buyers took home the rest, with Asia (excluding Japan) buying the second-biggest portion of government bonds (at 17.6 per cent), followed by the UK (7.2 per cent), North America (5.1 per cent), Europe (1.9 per cent) and Japan (0.2 per cent).
The four largest investor groups were: banks (50 per cent); asset managers (25 per cent) including super funds and sovereign wealth funds; hedge funds (17 per cent); and central banks (5 per cent). Central bank buyers comprised the Bank of Japan, European Central Bank, Federal Reserve and the RBA.
But precise details around the asset managers and hedge funds which buy Australian government bonds are often not forthcoming, says A/Prof. Humphery-Jenner. According to financial data from Factset, the top three most significant bond funds are from JPMorgan, T Rowe Price and Vanguard. For some fund families, such as JPMorgan, they have multiple different funds with treasury ownership.
But concerning precise holders of government debt, there is little information on specific ownership and precise lenders, reiterates A/Prof. Humphery-Jenner.
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