Summary: Semi-government bond spreads unchanged.
Semi-government spreads finished the week unchanged on average as semi-government yields generally matched the falls of their Commonwealth Government counterparts. The majority of spreads in the sample varied within or quite close to a range from -2bps to +1bp and the excpetions were not particularly notable.
AUSTRALIAN SEMI GOVT BONDS
| ISSUER | MATURITY | COUPON (%) | ISSUE SIZE | CLOSING YIELD | Δ WEEK | Δ MONTH | WEEK HIGH | WEEK LOW |
|---|---|---|---|---|---|---|---|---|
| NSWTC | 8-Feb-24 | 5.25 | 4,542 | 4.32 | -0.06 | 0.10 | 4.38 | 4.32 |
| NTTC | 15-Mar-24 | 4.25 | 650 | 4.31 | -0.02 | 0.20 | 4.34 | 4.31 |
| QTC | 22-Jul-24 | 4.00 | 7,340 | 4.43 | -0.06 | 0.20 | 4.52 | 4.43 |
| WATC | 23-Jul-24 | 5.75 | 3,866 | 4.37 | -0.07 | 0.16 | 4.47 | 4.37 |
| SAFA | 15-Aug-24 | 2.50 | 2,128 | 4.39 | -0.08 | 0.19 | 4.48 | 4.39 |
| NSWTC | 20-Aug-24 | 2.25 | 4,324 | 4.38 | -0.08 | 0.16 | 4.50 | 4.38 |
| TCV | 17-Dec-24 | 5.00 | 5,055 | 4.44 | -0.08 | 0.21 | 4.56 | 4.44 |
| NSWTC | 20-Mar-25 | 5.25 | 2,100 | 4.40 | -0.14 | 0.11 | 4.56 | 4.40 |
| SAFA | 16-Apr-25 | 5.50 | 1,250 | 4.41 | -0.14 | 0.14 | 4.58 | 4.41 |
| ACTTREAS | 22-May-25 | 5.25 | 1,000 | 4.42 | -0.14 | 0.11 | 4.60 | 4.42 |
| QTC | 21-Jul-25 | 2.75 | 8,581 | 4.40 | -0.14 | 0.13 | 4.57 | 4.40 |
| WATC | 23-Jul-25 | 4.75 | 5,573 | 4.38 | -0.14 | 0.12 | 4.56 | 4.38 |
| TASCORP | 19-Feb-26 | 5.00 | 1,229 | 4.40 | -0.16 | 0.11 | 4.61 | 4.40 |
| NTTC | 15-Mar-26 | 3.25 | 650 | 4.36 | -0.15 | 0.06 | 4.56 | 4.36 |
| NSWTC | 20-May-26 | 6.00 | 5,473 | 4.33 | -0.17 | 0.12 | 4.54 | 4.33 |
| SAFA | 20-Jul-26 | 4.00 | 3,540 | 4.31 | -0.16 | 0.13 | 4.51 | 4.31 |
| QTC | 21-Jul-26 | 3.00 | 8,610 | 4.32 | -0.15 | 0.12 | 4.52 | 4.32 |
| WATC | 21-Oct-26 | 3.00 | 5,150 | 4.30 | -0.16 | 0.13 | 4.50 | 4.30 |
| TCV | 17-Nov-26 | 3.25 | 12,255 | 4.38 | -0.16 | 0.13 | 4.59 | 4.38 |
| NTTC | 21-Apr-27 | 5.50 | 600 | 4.40 | -0.14 | 0.13 | 4.59 | 4.40 |
| NSWTC | 20-May-27 | 2.75 | 10,511 | 4.36 | -0.16 | 0.13 | 4.56 | 4.36 |
| QTC | 20-Aug-27 | 3.00 | 8,794 | 4.34 | -0.17 | 0.14 | 4.55 | 4.34 |
| SAFA | 20-Sep-27 | 2.75 | 1,500 | 4.36 | -0.16 | 0.11 | 4.57 | 4.36 |
| WATC | 21-Oct-27 | 3.00 | 4,209 | 4.33 | -0.17 | 0.12 | 4.54 | 4.33 |
| NSWTC | 20-Mar-28 | 3.00 | 11,993 | 4.42 | -0.16 | 0.11 | 4.63 | 4.42 |
| SAFA | 24-May-28 | 3.00 | 4,040 | 4.45 | -0.16 | 0.10 | 4.66 | 4.45 |
| QTC | 21-Jul-28 | 3.25 | 8,520 | 4.41 | -0.16 | 0.10 | 4.62 | 4.41 |
| TCV | 20-Oct-28 | 3.00 | 11,034 | 4.52 | -0.17 | 0.10 | 4.73 | 4.52 |
| NSWTC | 20-Apr-29 | 3.00 | 10,233 | 4.52 | -0.18 | 0.08 | 4.75 | 4.52 |
| NTTC | 21-May-29 | 2.00 | 750 | 4.61 | -0.16 | 0.05 | 4.82 | 4.61 |
| ACTTREAS | 22-May-29 | 5.25 | 900 | 4.58 | -0.17 | 0.08 | 4.79 | 4.58 |
| WATC | 24-Jul-29 | 2.75 | 3,981 | 4.50 | -0.17 | 0.08 | 4.72 | 4.50 |
| QTC | 21-Aug-29 | 3.25 | 7,635 | 4.53 | -0.17 | 0.07 | 4.74 | 4.53 |
| TCV | 22-Oct-29 | 2.50 | 10,952 | 4.64 | -0.17 | 0.08 | 4.86 | 4.64 |
| NSWTC | 20-Feb-30 | 3.00 | 12,291 | 4.65 | -0.16 | 0.06 | 4.86 | 4.65 |
| NTTC | 21-May-30 | 2.00 | 750 | 4.79 | -0.16 | 0.03 | 5.00 | 4.79 |
| SAFA | 24-May-30 | 2.75 | 3,865 | 4.67 | -0.17 | 0.05 | 4.88 | 4.67 |
| QTC | 21-Aug-30 | 3.50 | 8,962 | 4.65 | -0.16 | 0.05 | 4.85 | 4.65 |
| TCV | 20-Nov-30 | 5.25 | 9,799 | 4.79 | -0.17 | 0.04 | 5.00 | 4.79 |
| NSWTC | 20-Mar-31 | 2.00 | 11,203 | 4.81 | -0.17 | 0.03 | 5.02 | 4.81 |
| NTTC | 21-Apr-31 | 5.25 | 750 | 4.93 | -0.16 | 0.01 | 5.14 | 4.93 |
| QTC | 21-Aug-31 | 1.75 | 7,358 | 4.76 | -0.17 | 0.02 | 4.98 | 4.76 |
| ACTTREAS | 23-Oct-31 | 5.25 | 1,000 | 4.87 | -0.16 | 0.03 | 5.09 | 4.87 |
| NSWTC | 20-Feb-32 | 2.00 | 14,177 | 4.96 | -0.17 | 0.02 | 5.17 | 4.96 |
| SAFA | 24-May-32 | 5.25 | 3,750 | 4.99 | -0.17 | 0.00 | 5.20 | 4.99 |
| TCV | 20-Dec-32 | 4.25 | 12,639 | 5.05 | -0.16 | 0.03 | 5.25 | 5.05 |
| NSWTC | 8-Mar-33 | 5.25 | 13,195 | 5.07 | -0.17 | 0.00 | 5.28 | 5.07 |
| QTC | 14-Mar-33 | 6.50 | 662 | 4.94 | -0.16 | 0.02 | 5.15 | 4.94 |
| NSWTC | 20-Mar-34 | 1.75 | 2 | 5.18 | -0.17 | 0.00 | 5.38 | 5.18 |
| QTC | 20-Jul-34 | 1.75 | 7,063 | 5.12 | -0.17 | -0.01 | 5.34 | 5.12 |
| WATC | 24-Oct-34 | 2.00 | 1,649 | 5.04 | -0.16 | 0.01 | 5.24 | 5.04 |
| QTC | 16-Apr-40 | 2.25 | 1,482 | 5.51 | -0.17 | -0.03 | 5.71 | 5.51 |
| NSWTC | 7-May-41 | 2.25 | 2,293 | 5.59 | -0.17 | -0.07 | 5.79 | 5.59 |
| QTC | 20-Nov-41 | 2.25 | 2,181 | 5.55 | -0.17 | -0.05 | 5.76 | 5.55 |