27 Jun – 01 Jul 2016

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There were no new issues from the states’ financing bodies during the week and Tascorp still has not issued its new February 2028 line which it mandated in the first week of June.

The South Australian Government 2016/17 Budget is due to be released on Thursday 7 July 2016. SAFA’s 2016/2017 funding requirement will then be published. SAFA stated it will not issue any bonds prior to the budget’s release.

Generally spreads contracted as yields on semis made up for some of the lag from the previous week. ACGB yields dropped again this week but the moves were sedate compared to the week before and semi-government yields were able to readjust in the absence of volatility and safe-haven buying strategies.

semi-gov-bonds-jul1

AUST SEMI GOVT BOND

ISSUERMATURITYCOUPON
(%)
ISSUE
SIZE
WEEK
HIGH
WEEK
LOW
CLOSING
YIELD
Δ WEEKΔ MONTH
TCV15-Nov-165.7532661.801.791.80-0.010.01
NTTC20-Nov-165.755001.961.881.960.100.03
NSWTC20-Feb-174.0036301.731.681.730.03-0.05
NSWTC1-Mar-175.506871.671.621.670.03-0.05
WATC15-Jul-178.0054591.771.731.75-0.01-0.07
QTC14-Sep-176.0010381.671.631.670.050.01
SAFA20-Sep-175.7524031.751.711.750.02-0.05
TASCORP20-Sep-175.009801.791.741.770.03-0.06
QTC21-Sep-173.5048231.741.711.740.03-0.02
NTTC17-Nov-174.755001.811.761.810.06-0.04
TCV17-Nov-173.5028251.741.701.740.04-0.01
NSWTC1-Feb-186.0046701.691.661.660.00-0.06
QTC21-Feb-186.0055621.741.701.700.00-0.08
ACTTREAS7-Jun-185.505501.801.771.780.02-0.06
NTTC20-Sep-184.755001.881.851.850.01-0.07
WATC23-Oct-183.7550701.861.821.820.00-0.06
TCV15-Nov-185.5040131.731.701.700.01-0.06
NSWTC20-Mar-193.5046721.721.681.680.00-0.07
NSWTC1-Apr-196.005491.641.601.600.01-0.07
QTC14-Jun-196.2530401.711.671.670.00-0.06
QTC21-Jun-194.0057831.841.801.800.00-0.06
SAFA6-Aug-194.7520001.851.821.820.02-0.04
WATC15-Oct-197.0041731.941.901.900.02-0.04
QTC21-Feb-206.2596861.891.851.850.01-0.08
NSWTC1-May-206.0062081.761.721.720.00-0.10
ACTTREAS22-May-204.255701.891.861.860.04-0.08
NSWTC1-Jun-206.001061.671.631.630.02-0.09
TASCORP15-Jun-206.006541.921.891.890.01-0.11
TCV15-Jun-206.0062081.781.741.740.00-0.10
NSWTC8-Apr-214.0034311.851.781.78-0.03-0.17
SAFA20-May-215.0020442.031.971.97-0.01-0.11
QTC14-Jun-216.0015431.871.791.79-0.03-0.16
QTC21-Jun-215.5069782.011.941.94-0.02-0.16
WATC15-Jul-217.0034112.122.062.06-0.01-0.11
NTTC20-Sep-214.256502.102.042.040.00-0.16
NSWTC1-Mar-226.0058041.931.841.84-0.05-0.19
TASCORP8-Mar-224.257132.122.062.06-0.03-0.20
ACT TREAS11-Apr-224.255502.072.002.00-0.02-0.20
QTC21-Jul-226.0082082.152.072.07-0.04-0.17
TCV17-Oct-226.0061351.991.911.91-0.03-0.19
NSWTC20-Apr-234.0042232.081.961.96-0.06-0.24
NSWTC1-May-236.0010181.961.841.84-0.06-0.24
QTC21-Jul-234.2578932.312.182.18-0.07-0.22
WATC16-Oct-236.0036772.432.342.34-0.03-0.16
SAFA20-Nov-234.2515202.332.252.25-0.02-0.18
NTTC15-Mar-246.006502.382.302.30-0.03-0.23
TASCORP11-Jun-244.006672.382.272.27-0.06-0.25
QTC22-Jul-245.7579662.402.272.27-0.07-0.23
NSWTC20-Aug-245.0063232.182.062.06-0.06-0.24
TCV17-Dec-245.5048892.212.092.09-0.06-0.22
SAFA16-Apr-252.7512502.522.432.43-0.04-0.23
QTC21-Jul-254.7559342.502.372.37-0.08-0.27
WATC23-Jul-255.0030592.632.522.52-0.05-0.22
TASCORP19-Feb-263.254452.572.472.47-0.04-0.28
NTTC15-Mar-266.006502.522.422.42-0.06-0.27
QTC21-Jul-263.2536002.592.462.46-0.08-0.30
TCV17-Nov-265.5037182.322.212.21-0.05-0.25
WATC21-Oct-273.007002.842.742.74-0.042.74
QTC21-Jul-283.2510002.752.632.63-0.072.63
NSWTC1-May-306.003822.532.432.43-0.06-0.33
TCV20-Dec-324.253612.782.662.66-0.06-0.30
QTC14-Mar-336.5012102.962.832.83-0.09-0.30
Issues underlined are guaranteed by the Commonwealth Government