According to recent statistics from Statistics Sweden (SCB), the total Swedish debt in interest-bearing securities has increased to 9,890 billion kronor at the end of June, which is an increase of 13 billion kronor since May. The increase is primarily due to the rise in borrowing through bonds during the month.
Key Highlights for June 2023:
Increased Debt in Bonds: The total debt in interest-bearing securities of 9,890 billion kronor at the end of May consisted of 77 percent bonds and 23 percent money market instruments. The debt in bonds increased by a total of 62 billion kronor during the month, while the debt for money market instruments decreased by 49 billion kronor. The debt in securities denominated in Swedish kronor decreased by a total of 41 billion kronor, while it increased in other currencies by 54 billion kronor, largely influenced by a weaker krona. The annual growth rate for the total securities debt was 10.7 percent, which is an increase of 0.1 percentage points compared to May. Non-secured bonds accounted for the largest increase in debt: In May, non-secured bonds issued by monetary financial institutions accounted for the largest increase in securities debt, with the debt increasing by a total of 37 billion kronor. The State (via the National Debt Office) also increased its debt by a total of 27 billion kronor. Both the Swedish central bank and secured securities issued by monetary financial institutions went in the opposite direction and decreased their debt by 20 billion kronor and 19 billion kronor, respectively. Outstanding Amounts: Issuer Securities, June 2023 Maturity Structure: Securities with a value of 2,773 billion kronor will mature within six months. Nearly half of these securities are denominated in foreign currency, primarily in dollars and euros. Securities from monetary financial institutions represent almost half of the total maturity value within six months, amounting to 1,338 billion kronor, with the majority issued in foreign currency.
Maturity Structure: Issuer Securities, June 2023