19 Sep – 23 Sep 2016

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In this segment of the bond market, there was no issuance via tender during the week but both QTC and NSWTC issued a modest volume of bonds, with NSWTC repurchasing bonds from two series. In QTC’s case $10 million June 2021s were issued while NSWTC repurchased $50 million May 2020s and $50 million April 2023s and sold $70 million May 2028s

Spreads were marginally lower by the end of the week. Deutsche Bank covered all bases when it said, “Semis haven’t been able to keep up with the move in swaps, but they have tightened to bond as we would expect given such a big move. Semis have generally lagged the European SSAs over the past while, however.”

160926-semis

AUST SEMI GOVT BOND

ISSUERMATURITYCOUPON
(%)
ISSUE
SIZE
WEEK
HIGH
WEEK
LOW
CLOSING
YIELD
Δ WEEKΔ MONTH
TCV15-Nov-165.7532661.681.671.67-0.01-0.01
NTTC20-Nov-165.755001.851.841.840.010.04
NSWTC20-Feb-17436301.751.751.750.010.13
NSWTC1-Mar-175.56871.691.681.680.000.12
WATC15-Jul-17854591.791.771.780.020.16
QTC14-Sep-17610381.661.641.650.030.13
SAFA20-Sep-175.7524031.731.721.720.010.13
TASCORP20-Sep-1759801.781.761.770.020.13
QTC21-Sep-173.548231.721.711.720.030.13
NTTC17-Nov-174.755001.801.781.800.030.15
TCV17-Nov-173.528251.741.721.730.030.15
NSWTC1-Feb-18646701.711.701.710.020.16
QTC21-Feb-18655621.751.731.750.040.16
ACTTREAS7-Jun-185.55501.821.801.820.030.20
NTTC20-Sep-184.755001.891.861.880.040.18
WATC23-Oct-183.7550701.851.821.830.010.15
TCV15-Nov-185.540131.741.711.730.010.16
NSWTC20-Mar-193.546721.771.751.750.000.19
NSWTC1-Apr-1965491.691.671.67-0.010.19
QTC14-Jun-196.2530401.711.691.700.010.19
QTC21-Jun-19457831.851.821.830.010.19
SAFA6-Aug-194.7520001.881.841.84-0.010.18
WATC15-Oct-19741731.911.891.89-0.010.15
QTC21-Feb-206.2596861.931.891.89-0.010.19
NSWTC1-May-20662081.841.811.81-0.010.19
ACTTREAS22-May-204.255701.961.921.920.000.23
NSWTC1-Jun-2061061.751.701.70-0.030.19
TASCORP15-Jun-2066542.001.951.95-0.010.19
TCV15-Jun-20662081.841.811.81-0.010.19
NSWTC8-Apr-21434311.931.881.88-0.030.18
SAFA20-May-21520442.092.032.03-0.030.18
QTC14-Jun-21615431.911.871.87-0.020.19
QTC21-Jun-215.569782.062.012.01-0.020.19
WATC15-Jul-21734112.172.122.12-0.020.18
NTTC20-Sep-214.256502.182.122.12-0.030.20
NSWTC1-Mar-22658042.001.941.94-0.050.16
TASCORP8-Mar-224.257132.212.132.13-0.060.16
ACT TREAS11-Apr-224.255502.152.062.06-0.070.16
QTC21-Jul-22682082.172.102.10-0.050.15
TCV17-Oct-22661352.021.951.95-0.050.16
NSWTC20-Apr-23442232.122.032.03-0.060.13
NSWTC1-May-23610182.001.911.91-0.060.12
QTC21-Jul-234.2578932.312.232.23-0.060.13
WATC16-Oct-23636772.412.332.33-0.060.09
SAFA20-Nov-234.2515202.352.252.25-0.060.12
NTTC15-Mar-2466502.432.322.32-0.090.13
TASCORP11-Jun-2446672.422.312.31-0.090.13
QTC22-Jul-245.7579662.382.282.28-0.080.10
NSWTC20-Aug-24563232.212.102.10-0.080.12
TCV17-Dec-245.548892.212.102.10-0.090.12
SAFA16-Apr-252.7512502.492.382.38-0.110.08
QTC21-Jul-254.7559342.472.362.36-0.110.08
WATC23-Jul-25530592.602.492.49-0.110.06
TASCORP19-Feb-263.254452.592.472.47-0.110.09
NTTC15-Mar-2666502.572.442.44-0.110.11
QTC21-Jul-263.2536002.572.462.46-0.100.09
TCV17-Nov-265.537182.352.242.24-0.100.12
WATC21-Oct-2737002.832.702.70-0.110.04
QTC21-Jul-283.2510002.752.632.63-0.110.06
NSWTC1-May-3063822.642.502.50-0.120.18
TCV20-Dec-324.253612.842.712.71-0.130.15
QTC14-Mar-336.512103.032.892.89-0.130.12
Issues underlined are guaranteed by the Commonwealth Government