01 June – 05 June 2015

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Bonds around the globe were sold off heavily last week as more turmoil in Europe hit the markets. The euro CPI came in at 0.9% (v exp 0.7%) and the Greek drama reached and passed another possible default date. ECB president Mario Draghi told markets to “get used to the volatility” as German 10y bonds rose sharply, up 36bps on the week to 85bps (up from 7bps on 20 April). US 10y followed suit closing the week up 19bps to 2.41%. In Australia 3y ACGBs rose 20bps to 2.10% and 10ys rose 31bps to 3.04%. The negative European sentiment was compounded by our GDP numbers that showed strength above estimates although a deeper look showed it was weak underneath. On Friday the US job market showed continuing strong signs that added to the weaker bond sentiment.

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3y and 10y Bond Series for the December 2015 contract month

The basket of stocks that underlie the December 2015 3y and 10y Treasury Bond contracts have been released and remain unchanged from the September 2015 bond futures contracts.

gov_yield report_05june

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AUST GOVT BONDS

MATURITYCOUPON (%)ISSUE
SIZE ($M)
CLOSING
YIELD
Δ WEEKΔ MONTHWEEK
HIGH
WEEK
LOW
21-Oct-154.751389820.010.1521.99
15-Jun-164.75218991.950.050.161.971.9
15-Feb-176210952.010.130.292.021.87
21-Jul-174.25188992.050.170.352.051.86
21-Jan-185.5204992.070.190.372.071.86
15-Mar-195.25214462.150.20.422.151.92
21-Oct-192.75103002.250.210.452.252.01
15-Apr-204.5203962.330.230.482.332.07
21-Nov-201.7520002.470.242.472.472.2
15-May-215.75215992.540.260.572.542.26
15-Jul-225.75181992.730.280.612.732.42
21-Apr-235.5212992.830.30.642.832.52
21-Apr-242.75215002.960.310.692.962.63
21-Apr-253.25168003.040.310.723.042.71
21-Apr-264.25148003.110.320.733.112.77
21-Apr-274.75136993.160.320.723.172.83
21-Apr-293.2596993.330.330.753.332.97
21-Apr-334.598003.480.340.793.483.12
21-Jun-352.7570003.610.340.823.613.25
21-Apr-373.7570003.640.340.843.643.28

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