AOFM looks on the bright side of a large debt – “deep liquidity”

Some clever chap at the Australian Office of Financial Management (AOFM) probably had a secret chuckle when the following advertising campaign was approved, which I noticed today but which may have been around for a while:

By deep liquidity, the AOFM means there are a lot of bonds on issue (i.e. the Australian Government owes a lot of money, around $230 billion) across a range of maturities from a few months for Treasury notes to 15 years for some Treasury bonds. While I admit this deep liquidity is attractive to investors, because they know there is an active market for the bonds, I still find it amusing the AOFM is using our large debt as a selling point. Very clever.

Advertisements
This entry was posted in Budget. Bookmark the permalink.

One Response to AOFM looks on the bright side of a large debt – “deep liquidity”

  1. bob says:

    whats wrong with Australia having a ‘large’ (although comparatively tiny) debt market?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s