The Australian Office of Financial Management (AOFM) says the significant reshaping of its issuance strategy for the 2012/13 financial year it announced on October 23 is part of an ongoing strategy of extending the tenor of its funding profile. According to the AOFM announcement, Treasury bond issuance in 2012/13 will grow by A$10 billion (US$10.3 billion), offsetting an expected reduction in Treasury note issuance.