The Australian Office of Financial Management (AOFM) confirmed an expected gross Treasury bond issuance task of A$80 billion (US$58.8 billion) for 2017/18 following delivery of the Australian federal budget on May 9. The gross figure includes A$34 billion of net new issuance, while a December 2016 update forecast gross and net issuance totals of A$100 billion and A$74 billion for 2016/17.
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