Semi Government

Summary: Semi-government bond spreads 2bps lower on average.

Semi-government spreads finished the week 2bps tighter on average as semi-government yields lagged the rises of their Commonwealth counterparts. The majority of spreads in the sample varied within or quite close to a range from -2bps to zero and there were no particularly notable exceptions.

AUSTRALIAN SEMI GOVT BONDS

ISSUER	MATURITY	COUPON (%)	ISSUE SIZE	CLOSING YIELD	Δ WEEK	Δ MONTH	WEEK HIGH	WEEK LOW
QTC	21-Jul-23	6.00	7,685	4.05	0.01	0.25	4.06	4.05
WATC	16-Oct-23	4.25	3,577	4.32	0.03	0.42	4.32	4.25
SAFA	20-Nov-23	6.00	1,520	4.35	-0.03	0.44	4.35	4.29
TCV	21-Nov-23	1.00	1,122	4.39	0.00	0.47	4.39	4.32
NSWTC	8-Feb-24	5.25	4,542	4.48	-0.02	0.56	4.48	4.38
NTTC	15-Mar-24	4.25	650	4.42	-0.02	0.54	4.42	4.32
QTC	22-Jul-24	4.00	7,824	4.48	-0.02	0.58	4.48	4.36
WATC	23-Jul-24	5.75	4,191	4.49	-0.01	0.60	4.49	4.37
SAFA	15-Aug-24	2.50	2,628	4.48	-0.02	0.58	4.48	4.35
NSWTC	20-Aug-24	2.25	4,324	4.48	-0.02	0.58	4.48	4.35
TCV	17-Dec-24	5.00	6,226	4.47	-0.01	0.60	4.47	4.33
NSWTC	20-Mar-25	5.25	2,100	4.50	0.02	0.62	4.50	4.34
SAFA	16-Apr-25	5.50	1,250	4.46	0.03	0.62	4.46	4.29
ACTTREAS	22-May-25	5.25	1,000	4.53	0.02	0.59	4.53	4.36
QTC	21-Jul-25	2.75	8,581	4.44	0.02	0.60	4.44	4.27
WATC	23-Jul-25	4.75	5,578	4.44	0.02	0.59	4.44	4.27
TASCORP	19-Feb-26	5.00	1,229	4.38	0.02	0.60	4.38	4.21
NTTC	15-Mar-26	3.25	650	4.42	0.02	0.56	4.42	4.24
NSWTC	20-May-26	6.00	5,473	4.33	0.01	0.55	4.33	4.17
SAFA	20-Jul-26	4.00	3,540	4.32	0.03	0.55	4.32	4.14
QTC	21-Jul-26	3.00	8,610	4.31	0.02	0.54	4.31	4.14
WATC	21-Oct-26	3.00	5,147	4.26	0.01	0.53	4.26	4.09
TCV	17-Nov-26	3.25	10,700	4.38	0.02	0.55	4.38	4.21
NTTC	21-Apr-27	5.50	600	4.34	0.02	0.46	4.34	4.16
NSWTC	20-May-27	2.75	9,111	4.26	0.00	0.47	4.26	4.10
QTC	20-Aug-27	3.00	8,794	4.26	0.01	0.49	4.26	4.09
SAFA	20-Sep-27	2.75	1,500	4.27	0.01	0.48	4.27	4.10
WATC	21-Oct-27	3.00	4,199	4.22	0.00	0.47	4.22	4.06
NSWTC	20-Mar-28	3.00	10,093	4.30	0.00	0.46	4.30	4.14
SAFA	24-May-28	3.00	4,040	4.30	0.00	0.43	4.30	4.15
QTC	21-Jul-28	3.25	8,520	4.28	0.01	0.45	4.28	4.11
TCV	20-Oct-28	3.00	10,904	4.36	0.00	0.43	4.36	4.21
NSWTC	20-Apr-29	3.00	10,233	4.34	0.00	0.39	4.34	4.20
NTTC	21-May-29	2.00	600	4.44	0.02	0.39	4.44	4.28
ACTTREAS	22-May-29	5.25	900	4.40	0.02	0.39	4.40	4.24
WATC	24-Jul-29	2.75	3,661	4.31	0.00	0.37	4.31	4.16
QTC	21-Aug-29	3.25	7,635	4.33	-0.01	0.37	4.33	4.18
TCV	22-Oct-29	2.50	10,200	4.42	0.00	0.37	4.42	4.27
NSWTC	20-Feb-30	3.00	10,841	4.40	0.00	0.34	4.40	4.26
NTTC	21-May-30	2.00	750	4.56	0.03	0.34	4.56	4.40
SAFA	24-May-30	2.75	3,865	4.42	0.01	0.34	4.42	4.27
QTC	21-Aug-30	3.50	8,962	4.38	0.00	0.34	4.38	4.24
TCV	20-Nov-30	5.25	8,401	4.50	0.00	0.33	4.50	4.36
NSWTC	20-Mar-31	2.00	10,353	4.51	0.00	0.30	4.51	4.37
NTTC	21-Apr-31	5.25	750	4.63	0.03	0.30	4.63	4.47
QTC	21-Aug-31	1.75	7,357	4.46	0.00	0.31	4.46	4.33
ACTTREAS	23-Oct-31	5.25	1,000	4.56	0.03	0.28	4.56	4.41
NSWTC	20-Feb-32	2.00	11,761	4.62	0.01	0.27	4.62	4.48
SAFA	24-May-32	5.25	3,310	4.61	0.02	0.27	4.61	4.47
TCV	20-Dec-32	4.25	11,099	4.69	0.01	0.27	4.69	4.55
NSWTC	8-Mar-33	5.25	12,995	4.72	0.01	0.26	4.72	4.59
QTC	14-Mar-33	6.50	662	4.58	0.00	0.17	4.58	4.45
NSWTC	20-Mar-34	1.75	7,374	4.82	0.00	0.23	4.82	4.69
QTC	20-Jul-34	1.75	6,078	4.73	0.00	0.21	4.73	4.60
WATC	24-Oct-34	2.00	1,643	4.67	0.02	0.21	4.67	4.52
QTC	16-Apr-40	2.25	1,482	5.17	0.04	0.15	5.17	5.02
NSWTC	7-May-41	2.25	2,323	5.26	0.05	0.15	5.26	5.10
QTC	20-Nov-41	2.25	2,181	5.24	0.05	0.16	5.24	5.07