Semi Government

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09 Oct – 13 Oct 2017

Semi-government spreads were about 0.5bps wider on average this week. Despite having raised $1.75 billion with a new benchmark, QTC spreads were not responsible any more than any other.

Here are a couple of diagrams which show who was interested in QTC’s new benchmark August 2030 bonds. Pricing was set  at ACGB + 68.5bps.

NTTC November 2022s were mentioned last week after its spread widened to 50bps. The market must have noticed because the spread tightened by an equivalent amount this week and the spread fell back to 45bps.

AUSTRALIAN SEMI GOVT BOND

ISSUERMATURITYCOUPON
(%)
ISSUE
SIZE
WEEK
HIGH
WEEK
LOW
CLOSING
YIELD
Δ WEEKΔ MONTH
NTTC17-Nov-174.755001.741.711.74-0.010.04
TCV17-Nov-173.5029211.661.651.65-0.02-0.04
NSWTC1-Feb-186.0045121.731.721.73-0.020.01
QTC21-Feb-186.0055621.691.681.68-0.02-0.02
ACTTREAS7-Jun-185.505501.781.771.770.01-0.02
NTTC20-Sep-184.755001.921.911.91-0.030.01
WATC23-Oct-183.7553861.881.861.86-0.010.00
TCV15-Nov-185.5039931.881.871.87-0.010.02
NSWTC20-Mar-193.5041031.931.911.91-0.040.05
NSWTC1-Apr-196.005211.851.831.83-0.030.04
QTC14-Jun-196.2530251.881.861.86-0.040.01
QTC21-Jun-194.0057971.981.961.96-0.040.01
SAFA6-Aug-194.7520001.991.971.97-0.040.00
WATC15-Oct-197.0044912.112.082.08-0.020.03
QTC21-Feb-206.2596862.132.112.11-0.020.05
NSWTC1-May-206.0060552.132.112.11-0.010.07
ACTTREAS22-May-204.255702.252.222.220.000.08
NSWTC1-Jun-206.001002.042.002.000.000.05
TASCORP15-Jun-206.006572.272.252.250.000.06
TCV15-Jun-206.0059822.152.132.14-0.010.07
WATC22-Jul-202.5044842.272.262.260.000.05
NSWTC8-Apr-214.0035112.302.282.28-0.020.12
SAFA20-May-215.0020452.352.332.33-0.020.10
QTC14-Jun-216.0011202.262.232.230.000.11
QTC21-Jun-215.5074182.382.362.36-0.010.11
WATC15-Jul-217.0033402.442.432.43-0.020.10
NTTC20-Sep-214.256502.532.512.510.000.11
NSWTC1-Mar-226.0056292.432.402.40-0.020.14
TASCORP8-Mar-224.257632.622.592.59-0.020.12
ACTTREAS11-Apr-224.255502.562.522.52-0.010.12
QTC21-Jul-226.0082082.552.522.52-0.020.13
SAFA22-Sep-221.5010002.642.612.61-0.030.10
TCV17-Oct-226.0061412.512.482.48-0.020.13
WATC20-Oct-222.7529392.712.682.68-0.020.13
NTTC21-Nov-222.505002.802.752.75-0.080.11
NSWTC20-Apr-234.0041782.612.582.58-0.020.16
NSWTC1-May-236.008892.492.452.45-0.010.15
QTC21-Jul-234.2580932.732.702.70-0.020.15
WATC16-Oct-236.0032742.822.792.79-0.020.14
SAFA20-Nov-234.2515202.812.782.78-0.020.13
NTTC15-Mar-246.006502.952.922.93-0.010.17
TASCORP11-Jun-244.007572.972.932.93-0.040.17
QTC22-Jul-245.7580242.872.842.84-0.030.18
WATC23-Jul-242.5020723.063.033.03-0.030.17
SAFA15-Aug-242.257502.992.952.95-0.030.16
NSWTC20-Aug-245.0063002.782.742.74-0.030.18
TCV17-Dec-245.5051472.812.772.77-0.030.18
SAFA16-Apr-252.7512503.093.053.05-0.030.17
QTC21-Jul-254.7566303.022.982.98-0.020.19
WATC23-Jul-255.0034203.113.083.08-0.020.17
TASCORP19-Feb-263.255903.233.193.19-0.030.19
NTTC15-Mar-266.006503.213.183.18-0.010.20
NSWTC20-May-264.0026232.992.952.95-0.020.19
SAFA20-Jul-263.0010003.253.213.21-0.030.18
QTC21-Jul-263.2546463.183.143.14-0.020.21
TCV17-Nov-265.5039273.022.982.98-0.020.20
QTC20-Aug-272.7515003.303.263.26-0.020.21
SAFA20-Sep-273.0015003.433.403.40-0.030.16
WATC21-Oct-273.0010583.233.193.19-0.020.22
NSWTC20-Mar-283.0018783.403.363.36-0.020.21
QTC21-Jul-283.2510003.373.333.33-0.030.19
TCV20-Oct-283.0014013.283.243.24-0.020.21
NSWTC1-May-306.003633.333.293.29-0.030.20
NSWTC20-Feb-303.006963.443.403.40-0.030.22
TCV20-Nov-304.753213.433.403.40-0.020.23
TCV20-Dec-324.253843.613.573.57-0.010.24
QTC14-Mar-336.5012103.653.613.61-0.020.21
Issues underlined are guaranteed by the Commonwealth Government
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