Tuesday, December 06, 2016

Results of additional issuance RIKS 30 0701

As stated in paragraph 5 of Terms of Invitation to Tender for Treasury bonds, the Government Debt Management offered the equivalent of 10% of the nominal value sold in the auction 2 December, at the price of accepted bids. This time Primary Dealers did not exercise their right to purchase in RIKS 30 0701.  Total outstanding nominal value of RIKS 30 0701 after the auction is now 73,727,199,659 kr. Settlement is 7 December 2016.

Friday, December 02, 2016

Technical difficulties at NASDAQ Stock Exchange

The Aution terms will be altered so that bids from primary dealers shall be submitted from 13:30 until 14:00.

Wednesday, November 30, 2016

Auction of inflation-linked bonds RIKS 30 0701

On Friday, 2 December at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds.
In this auction Inflation-linked bonds RIKS 30 0701 will be offered. The total amount of accepted bids will be announced after the auction.

Press release (pdf)
Auction terms (pdf) 

Friday, November 25, 2016

Consumer price index in November 2016

The Consumer Price Index (CPI) based on prices in November 2016 is 438.4 points (May 1988=100) which is 0.02% lower than in the previous month. The CPI less housing cost is 393.4 points, 0.41% lower than in October.
The cost of owner occupied housing (imputed rent) rose by 1.4% (effect on the index 0.22%). Prices of food and non-alcoholic beverages decreased by 0.7% (-0.10%) and international airfares decreased by 9.3% (-0.10%).
The CPI is 2.1% higher in November 2016 than in November 2015 while the CPI less housing cost has decreased by 0.3% from one year ago.

The CPI compiled in the middle of November 2016, 438.4 points, is applicable for indexation purposes in January 2017. The old credit terms index for January 2017 is 8,656 points.

Read more   

Friday, November 18, 2016

Buyback result of nominal bonds RIKH 18 1009

Today at 11:00 pm, Government Debt Management did buy back Treasury Bonds in the series RIKH 18 1009. The auction was structured as a multiple-price auction, i.e. accepted bids were according to the price submitted. 

The main results of the auction were: 

RIKH 18 1009:

Number of bids in this series were 5, amounting to 20,637 m.kr. nominal value.
2 bids were accepted for 10,000 m.kr. nominal value.
Price Allocated 99.990

Wednesday, November 16, 2016

Buyback of Treasury bonds RIKH 18 1009

Government Debt Management has decided not to hold an auction of Treasury bonds on Friday 18 November 2016. Instead Government Debt Management will offer to buy back bonds using an auction format. The Treasury offers to buy back nominal bonds in series RIKH 18 1009, which matures on 9 October 2018. The purpose of the buyback is, to reduce the size of the series which is currently 183 b.kr., and thereby reduce the Treasury’s refinancing risk at maturity. 

The total amount of accepted bids may range up to 10,000 m.kr.  The results will be announced at the end of the auction. 

Press release (pdf)
Auction terms (pdf) 

Wednesday, November 16, 2016

MPC decision on interest rates - unchanged

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 5.25%.

Read more 

Friday, November 11, 2016

Auction result of T-bills RIKV 17 0515

Wednesday, November 09, 2016

Market Information in November 2016

 By GDM
Wednesday, November 09, 2016

Auction of Treasury bills RIKV 17 0515

On Friday, 11 November at 11:00 a.m. Government Debt Management will conduct an auction of Treasury bills RIKV 17 0515 which mature on 15 May 2017.

Press release (pdf)
Auction terms (pdf) 

Tuesday, November 08, 2016

Results of additional issuance RIKB 22 1026

As stated in paragraph 5 of Terms of Invitation to Tender for Treasury bonds, the Government Debt Management offered the equivalent of 10% of the nominal value sold in the auction 4 November, at the price of accepted bids. This time Primary Dealers did exercise their right to purchase for 100,000,000 kr. in RIKB 22 1026 nominal value. Total outstanding nominal value of RIKB 22 1026 after the auction is now 65,753,000,000 kr. Settlement date is 9 November 2016.

Wednesday, November 02, 2016

Auction of nominal bonds RIKB 22 1026

On Friday, 4 November at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds.
In this auction nominal bonds RIKB 22 1026 will be offered. The total amount of accepted bids will be announced after the auction.
Press release (pdf)
Auction terms (pdf) 

Thursday, October 27, 2016

Consumer price index in October 2016

The Consumer Price Index (CPI) based on prices in October 2016 is 438.5 points (May 1988=100), the same as it was in September 2016. The CPI less housing cost is 395.0 points, 0.28% lower than in September.
The cost of owner occupied housing (imputed rent) rose by 1.3% (effect on the index 0.21%) but prices for food declined by 1.0% (-0.15%).
The CPI is 1.8% higher in October 2016 than in October 2015 while the CPI less housing cost has decreased by 0.5% from one year ago.
The CPI compiled in the middle of October 2016, 438.5 points, is applicable for indexation purposes in December 2016. The old credit terms index for December 2016 is 8,658 points.

Read more   

Tuesday, October 25, 2016

Results of additional issuance of RIKS 30 0701

As stated in paragraph 5 of Terms of Invitation to Tender for Treasury bonds, the Government Debt Management offered the equivalent of 10% of the nominal value sold in the auction 21 October, at the price of accepted bids. This time Primary Dealers did exercise their right to purchase for 720,000,000 kr. in RIKS 30 0701 nominal value. Total outstanding nominal value of RIKS 30 0701 after the auction is now 71,288,199,659 kr. Settlement date is 26 October 2016.

Friday, October 21, 2016

Medium-Term Debt Management Strategy 2017-2021

The Ministry of Finance and Economic Affairs has released the Medium-Term Debt Management Strategy (MTDS) for 2017-2021. Since 2011, the MTDS has been issued over a horizon of three years. In accordance with the new Act on Public Sector Finances, it is now presented on the basis of a fiscal plan, and the Government debt management objectives therefore cover a horizon of five years, from 2017 through 2021.

The principal objective of the strategy is to ensure that the Treasury’s financing need and payment obligations are met at the lowest possible cost that is consistent with a prudent risk policy. 

GDM Strategy 2017-2021.pdf 

Thursday, October 20, 2016

Government Debt Management securities lending facilities for primary dealers.

According to the Agreements concerning Secondary Market Issuance and Market making in Treasury Securities dated 11 March 2016,  securities lending in series RIKS 30 0701 to each primary dealer will be 2 b.kr. nominal value. These terms shall take effect after 11:00 am on Wednesday 26 October 2016.

Wednesday, October 19, 2016

Auction of inflation-linked bonds RIKS 30 0701

On Friday, 21 October at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds.
In this auction Inflation-linked bonds RIKS 30 0701 will be offered. The total amount of accepted bids will be announced after the auction.

Press release (pdf)
Auction terms (pdf)
Description of RIKS 30 0701(pdf)

Thursday, October 13, 2016

Auction result of T-bills RIKV 17 0418

Wednesday, October 12, 2016

Results of additional issuance of RIKB 20 0205

As stated in paragraph 5 of Terms of Invitation to Tender for Treasury bonds, the Government Debt Management offered the equivalent of 10% of the nominal value sold in the auction 10 October, at the price of accepted bids. This time Primary Dealers did exercise their right to purchase for 190,000,000 kr. in RIKB 20 0205 nominal value. Total outstanding nominal value of RIKB 20 0205 after the auction is now 59,821,000,000 kr. Settlement date is 13 October 2016.

Tuesday, October 11, 2016

Auction of Treasury bills RIKV 17 0418

On Thursday, 13 October at 11:00 a.m. Government Debt Management will conduct an auction of Treasury bills RIKV 17 0418 which mature on 18 April 2017.

Press release (pdf)
Auction terms (pdf) 

Monday, October 10, 2016

Market Information in October 2016

 By GDM
Thursday, October 06, 2016

Auction of nominal bonds RIKB 20 0205

On Monday, 10 October at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds.
In this auction nominal bonds RIKB 20 0205 will be offered. The total amount of accepted bids will be announced after the auction.
Press release (pdf)
Auction terms (pdf)   

Wednesday, October 05, 2016

MPC decision on interest rates - unchanged

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 5.25%.

Read more 

Friday, September 30, 2016

Quarterly Government Debt Management Prospect Q4/2016

Fourth quarter 2016

  • Issuance increased by up to 15 b.kr. over an above the annual Prospect, issued at the beginning of 2016.
  • In Q4, benchmark Treasury bonds will be offered for sale in the amount of 20 b.kr.
  • The sale of a new indexed benchmark series, RIKS 30 0701, will begin.
  • It is planned to issue nominal Treasury bonds in the following series: RIKB 20 0205 and RIKB 22 1026.


1 The sale price or market value refers to the clean price, net of accrued interest. 

Full report(pdf)

Thursday, September 29, 2016

Consumer price index in September 2016

The Consumer Price Index (CPI) based on prices in September 2016 is 438.5 points (May 1988=100), 0.48% higher than in August 2016. The CPI less housing cost is 396.1 points, 0.4% lower than in August.

The cost of owner occupied housing (imputed rent) rose by 3.3% (effect on the index 0.51%), prices of clothes and footwear rose by 4.7% (0.19%) and prices of recreational and culture related products and services rose by 1.0% (0.11%). International airfares decreased by 16.6% (-0.22%).

The CPI is 1.8% higher in September 2016 than in September 2015 while the CPI less housing cost has decreased 0.4% from one year ago.
The CPI compiled in the middle of September 2016, 438.5 points, is applicable for indexation purposes in November 2016. The old credit terms index for November 2016 is 8,658 points.

Read more   

Tuesday, September 27, 2016

Results of additional issuance of RIKB 20 0205

As stated in paragraph 5 of Terms of Invitation to Tender for Treasury bonds, the Government Debt Management offered the equivalent of 10% of the nominal value sold in the auction 23 September, at the price of accepted bids. This time Primary Dealers did exercise their right to purchase for 135,000,000 kr. in RIKB 20 0205 nominal value. Total outstanding nominal value of RIKB 20 0205 after the auction is now 57,231,000,000 kr. Settlement date is 28 September 2016.

December 09, 2015
MPC decision on interest rates
November 04, 2015
MPC decision on interest rates
September 30, 2015
MPC decision on interest rates
February 04, 2015
MPC decision on interest rates
December 10, 2014
MPC decision on interest rates
November 05, 2014
MPC decision on interest rates
August 28, 2014
Temporary exemption revoked
December 11, 2013
MPC decision on interest rates
November 06, 2013
MPC decision on interest rates
February 06, 2013
MPC decision on interest rates
December 13, 2012
Sale of Government bonds
December 12, 2012
MPC decision on interest rates
September 07, 2012
AUCTION RESULT OF NOMINAL BONDS
April 29, 2011
Signing of Agreements
December 29, 2010
Annual prospect 2011
May 14, 2010
Signing of Agreements
February 23, 2010
Exchange auction results
February 11, 2010
Auction result RIKV 10 0615
January 13, 2010
Auction Result RIKV 10 0517
December 10, 2009
Result - Sale of T-Notes
June 29, 2009
Weekly Economic Briefing
June 22, 2009
Weekly Economic Briefing
June 15, 2009
Weekly Economic Briefing
February 20, 2009
Auction results Treasury Notes
February 11, 2009
Auction announcement - Bills
January 29, 2009
Weekly Web Release
October 13, 2008
Glitnir Weekly
November 06, 2008
Weekly Web Release
November 14, 2008
Weekly Web Release
November 21, 2008
Weekly Web Release
December 03, 2008
Treasury Notes Auction Results
December 08, 2008
Auction announcement
December 10, 2008
Treasury Notes Auction Results
December 16, 2008
Auction announcement - Bills
December 19, 2008
Treasury Bills Auction Results
January 21, 2009
Auction announcement - Bills
September 23, 2008
Glitnir Weekly
September 25, 2008
Treasury Notes Auction Results
September 30, 2008
Glitnir Weekly
September 29, 2008
The Week in Review
October 06, 2008
The Week in Review
October 06, 2008
Glitnir Weekly
September 09, 2008
Glitnir Weekly
September 15, 2008
The Week in Review
September 16, 2008
Glitnir Weekly
September 08, 2008
The Week in Review
September 01, 2008
Glitnir Weekly
August 25, 2008
Glitnir Weekly

Yield Curve

Load My Chart
Save My Chart
Restore Defaults
As a Bitmap
As a Metafile
As Text (data only)
Y Axis
Grid
Interlaced
X Axis
Grid
Vertical Labels
Staggered
Show Labels
Options ...
100 %
150 %
200 %
400 %
Non-IndexedPriceYield
RIKV 17 011699.286.67%
RIKB 17 0206 99.905.50%
RIKV 17 021598.846.06%
RIKV 17 0418 97.925.79%
RIKV 17 051597.525.75%
RIKB 19 0226107.155.24%
RIKB 20 0205102.855.24%
RIKB 22 1026110.305.17%
RIKB 25 0612119.255.14%
RIKB 31 0124113.265.15%
IndexedPriceYield
RIKS 21 0414103.652.89%
HFF150224102.103.18%
RIKS 30 0701106.952.63%
HFF150434108.042.80%
HFF150644113.002.72%

CPI Change

Current Value438.40
12 Months Change*2.10%
3 Months Change*1.85%
Last Month Change-0.02%
Daily CPI438.40

* Annualized rates