25 Jul – 29 Jul 2016

Share

Semi spreads widened across the curve with most of the movement occurring late in the week as semi yields rose at the short end and generally remained stable at the long end. Issuance dried up, although QTC continued with its maturity lengthening strategy; rolling out from September 2017 to July 2025 to the tune of $300 million. QTC has recently repurchased September 2017s while simultaneously issuing July 2025s – at the request of the holder of the 2017s – and this type of transaction has suited QTC. The borrowing authority has previously stated lengthening its maturity profile would be part of its strategy for the 2016/2017 year.

semi-bond-29jul

AUST SEMI GOVT BOND

ISSUERMATURITYCOUPON
(%)
ISSUE
SIZE
WEEK
HIGH
WEEK
LOW
CLOSING
YIELD
Δ WEEKΔ MONTH
TCV15-Nov-165.7532661.781.761.77-0.01-0.04
NTTC20-Nov-165.755001.941.871.87-0.040.00
NSWTC20-Feb-174.0036301.751.711.71-0.050.01
NSWTC1-Mar-175.506871.691.651.65-0.040.01
WATC15-Jul-178.0054591.731.701.70-0.03-0.07
QTC14-Sep-176.0010381.651.611.61-0.04-0.01
SAFA20-Sep-175.7524031.721.691.69-0.02-0.04
TASCORP20-Sep-175.009801.761.701.70-0.06-0.04
QTC21-Sep-173.5048231.721.681.68-0.02-0.03
NTTC17-Nov-174.755001.771.741.74-0.03-0.01
TCV17-Nov-173.5028251.711.681.68-0.04-0.03
NSWTC1-Feb-186.0046701.671.611.610.00-0.04
QTC21-Feb-186.0055621.701.651.650.00-0.05
ACTTREAS7-Jun-185.505501.781.711.710.00-0.05
NTTC20-Sep-184.755001.841.771.77-0.01-0.07
WATC23-Oct-183.7550701.821.761.760.00-0.07
TCV15-Nov-185.5040131.711.661.660.00-0.03
NSWTC20-Mar-193.5046721.681.611.61-0.01-0.06
NSWTC1-Apr-196.005491.601.531.53-0.01-0.05
QTC14-Jun-196.2530401.641.581.58-0.01-0.09
QTC21-Jun-194.0057831.771.711.71-0.01-0.09
SAFA6-Aug-194.7520001.801.741.740.00-0.06
WATC15-Oct-197.0041731.871.811.810.00-0.07
QTC21-Feb-206.2596861.811.761.760.00-0.08
NSWTC1-May-206.0062081.711.641.640.00-0.07
ACTTREAS22-May-204.255701.841.781.780.00-0.05
NSWTC1-Jun-206.001061.611.551.550.00-0.06
TASCORP15-Jun-206.006541.871.811.810.00-0.06
TCV15-Jun-206.0062081.731.671.67-0.01-0.07
NSWTC8-Apr-214.0034311.771.721.720.01-0.08
SAFA20-May-215.0020441.961.901.90-0.02-0.08
QTC14-Jun-216.0015431.781.721.730.01-0.09
QTC21-Jun-215.5069781.931.871.880.01-0.09
WATC15-Jul-217.0034112.041.981.990.01-0.07
NTTC20-Sep-214.256502.031.961.960.00-0.08
NSWTC1-Mar-226.0058041.841.781.790.01-0.10
TASCORP8-Mar-224.257132.031.981.980.00-0.11
ACT TREAS11-Apr-224.255501.981.921.920.00-0.10
QTC21-Jul-226.0082082.052.002.000.01-0.10
TCV17-Oct-226.0061351.891.841.840.00-0.10
NSWTC20-Apr-234.0042231.971.891.90-0.02-0.13
NSWTC1-May-236.0010181.851.771.78-0.02-0.13
QTC21-Jul-234.2578932.202.122.13-0.02-0.12
WATC16-Oct-236.0036772.342.272.27-0.02-0.10
SAFA20-Nov-234.2515202.222.152.15-0.03-0.13
NTTC15-Mar-246.006502.272.192.19-0.02-0.13
TASCORP11-Jun-244.006672.262.182.18-0.03-0.15
QTC22-Jul-245.7579662.262.192.20-0.02-0.14
NSWTC20-Aug-245.0063232.051.981.98-0.02-0.14
TCV17-Dec-245.5048892.071.992.00-0.03-0.15
SAFA16-Apr-252.7512502.402.322.33-0.03-0.14
QTC21-Jul-254.7559342.382.302.31-0.02-0.14
WATC23-Jul-255.0030592.512.432.44-0.02-0.12
TASCORP19-Feb-263.254452.462.382.39-0.03-0.12
NTTC15-Mar-266.006502.412.342.34-0.02-0.14
QTC21-Jul-263.2536002.472.392.40-0.03-0.13
TCV17-Nov-265.5037182.212.132.14-0.02-0.12
WATC21-Oct-273.007002.732.652.66-0.01-0.12
QTC21-Jul-283.2510002.632.552.57-0.02-0.13
NSWTC1-May-306.003822.412.322.33-0.03-0.16
TCV20-Dec-324.253612.632.542.54-0.05-0.18
QTC14-Mar-336.5012102.832.752.75-0.04-0.17
Issues underlined are guaranteed by the Commonwealth Government