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RIKSBANK: Asset Holdings Tracker – September 2024

RIKSBANK
Central Bank NewsCEEMEABullet RiksbankSwedenGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

Riksbank asset holdings totalled SEK513bln at the end of September, down from SEK564bln in August. The decline reflected covered bond redemptions of SEK45.1bln and QT sales of SEK5.75bln (SEK4.95bln of nominal SGBs and SEK0.8bln of linkers).

  • Active QT sales restarted in September after a summer pause during July and August.
  • The next SGB (nominal or linker) redemption is not till May 2025, when the 2.50% May-25 SGB 1058 matures. The Riksbank currently holds SEK44.8bln of this bond.
  • The Riksbank is still due to provide an update on what the long-run level of asset holdings should be, which may be accompanied with an update on QT.
  • This topic will be addressed “later this year”, according to the September MPR, which may suggest an announcement as late as December.
  • For a quick primer and scenario analysis of the Riksbank’s balance sheet, see the following two posts: here and here.
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Riksbank asset holdings totalled SEK513bln at the end of September, down from SEK564bln in August. The decline reflected covered bond redemptions of SEK45.1bln and QT sales of SEK5.75bln (SEK4.95bln of nominal SGBs and SEK0.8bln of linkers).

  • Active QT sales restarted in September after a summer pause during July and August.
  • The next SGB (nominal or linker) redemption is not till May 2025, when the 2.50% May-25 SGB 1058 matures. The Riksbank currently holds SEK44.8bln of this bond.
  • The Riksbank is still due to provide an update on what the long-run level of asset holdings should be, which may be accompanied with an update on QT.
  • This topic will be addressed “later this year”, according to the September MPR, which may suggest an announcement as late as December.
  • For a quick primer and scenario analysis of the Riksbank’s balance sheet, see the following two posts: here and here.