May 2015

Share

ACGB 3y ended the month down 3bps at 1.90% and 10y ended up 7bps at 2.72%. This relatively modest level of movement conceals the fact that bonds in early May continued their sharp rise that started in mid-April on the back of European bonds being sold off heavily (read more here) but reversed the sell off in mid-May after the federal budget and undoubtedly weak data – notably Capex and private sector credit. Bonds had a closing monthly peak of 2.21% for the 3y and 3.05% for the 10y on 12 May.

govb-may2015

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AUST GOVT BONDS

MATURITYCOUPON (%)ISSUE SIZE ($M)CLOSING YIELDΔ MONTHΔ 2 MONTHSMONTH
HIGH
MONTH
LOW
MONTHLY
ASX T/OVER
$ Value
422984.75138981.99-0.020.142.021.9731483
425364.75218991.89-0.080.112.001.89181372
427816.00210951.88-0.070.152.081.88549122
429374.25188991.88-0.070.182.141.88572371
431215.50204991.88-0.050.182.191.8847007
435395.25214461.95-0.030.222.271.95896
437592.75103002.040.000.242.352.040
439364.50203962.100.000.252.42.100
441561.7520002.220.022.222.532.21384580
443315.75215992.280.020.312.612.2666390
447575.75181992.440.040.332.762.418919
450375.50212992.530.040.342.852.4916055
454032.75215002.650.060.392.972.5934494
457683.25168002.730.080.413.042.65113086
461334.25148002.790.090.413.102.702825
464984.75136992.850.090.403.162.762577
472293.2596992.990.110.423.302.89147654
121654.5098003.130.110.443.443.0278390
129562.7570003.270.160.483.553.110
136263.7598003.300.160.493.593.14832577
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