Summary: Semi-government bond spreads 2bps tighter on average.
Semi-government spreads finished the week 2bps tighter on average as semi-government yields slightly lagged the rises of their Commonwealth counterparts. The majority of spreads in the sample varied within or quite close to a range from -3bps to -1bp and any exceptions were not much further away.
AUSTRALIAN SEMI GOVT BOND
| ISSUER | MATURITY | COUPON (%) | ISSUE SIZE | CLOSING YIELD | Δ WEEK | Δ MONTH | WEEK HIGH | WEEK LOW |
|---|---|---|---|---|---|---|---|---|
| NSWTC | 20-Apr-23 | 2.5 | 4011 | 3.53 | 0.00 | 0.29 | 3.54 | 3.52 |
| QTC | 21-Jul-23 | 6 | 7971 | 3.64 | -0.02 | 0.27 | 3.67 | 3.64 |
| WATC | 16-Oct-23 | 4.25 | 3814 | 3.81 | 0.00 | 0.33 | 3.84 | 3.79 |
| SAFA | 20-Nov-23 | 6 | 1520 | 3.90 | -0.02 | 0.38 | 3.93 | 3.87 |
| TCV | 21-Nov-23 | 1 | 4932 | 3.84 | -0.03 | 0.26 | 3.87 | 3.82 |
| NSWTC | 8-Feb-24 | 5.25 | 4692 | 3.89 | 0.04 | 0.32 | 3.90 | 3.86 |
| NTTC | 15-Mar-24 | 4.25 | 650 | 3.93 | 0.02 | 0.33 | 3.94 | 3.90 |
| QTC | 22-Jul-24 | 4 | 8249 | 3.87 | 0.05 | 0.31 | 3.89 | 3.84 |
| WATC | 23-Jul-24 | 5.75 | 4957 | 3.88 | 0.03 | 0.29 | 3.89 | 3.85 |
| SAFA | 15-Aug-24 | 2.5 | 3128 | 3.88 | 0.04 | 0.30 | 3.91 | 3.85 |
| NSWTC | 20-Aug-24 | 2.25 | 4324 | 3.89 | 0.06 | 0.32 | 3.90 | 3.86 |
| TCV | 17-Dec-24 | 5 | 7126 | 3.86 | 0.06 | 0.29 | 3.86 | 3.83 |
| NSWTC | 20-Mar-25 | 5.25 | 2100 | 3.84 | 0.09 | 0.26 | 3.84 | 3.79 |
| SAFA | 16-Apr-25 | 5.5 | 1250 | 3.84 | 0.08 | 0.22 | 3.84 | 3.79 |
| ACTTREAS | 22-May-25 | 5.25 | 1000 | 3.88 | 0.08 | 0.31 | 3.88 | 3.83 |
| QTC | 21-Jul-25 | 2.75 | 8581 | 3.85 | 0.07 | 0.20 | 3.85 | 3.80 |
| WATC | 23-Jul-25 | 4.75 | 5558 | 3.83 | 0.07 | 0.17 | 3.83 | 3.78 |
| TASCORP | 19-Feb-26 | 5 | 1133 | 3.84 | 0.06 | 0.13 | 3.84 | 3.79 |
| NTTC | 15-Mar-26 | 3.25 | 650 | 3.92 | 0.05 | 0.21 | 3.92 | 3.87 |
| NSWTC | 20-May-26 | 6 | 5323 | 3.84 | 0.08 | 0.19 | 3.84 | 3.79 |
| SAFA | 20-Jul-26 | 4 | 3540 | 3.85 | 0.05 | 0.15 | 3.85 | 3.80 |
| QTC | 21-Jul-26 | 3 | 8610 | 3.84 | 0.07 | 0.17 | 3.84 | 3.79 |
| WATC | 21-Oct-26 | 3 | 5012 | 3.83 | 0.06 | 3.83 | 3.83 | 3.78 |
| TCV | 17-Nov-26 | 3.25 | 10206 | 3.87 | 0.05 | 0.17 | 3.87 | 3.82 |
| NTTC | 21-Apr-27 | 5.5 | 600 | 3.98 | 0.06 | 0.15 | 3.98 | 3.93 |
| NSWTC | 20-May-27 | 2.75 | 8861 | 3.90 | 0.07 | 0.18 | 3.90 | 3.85 |
| QTC | 20-Aug-27 | 3 | 8794 | 3.90 | 0.06 | 0.17 | 3.90 | 3.85 |
| SAFA | 20-Sep-27 | 2.75 | 1500 | 3.93 | 0.06 | 0.16 | 3.93 | 3.88 |
| WATC | 21-Oct-27 | 3 | 4049 | 3.89 | 0.05 | 0.15 | 3.89 | 3.84 |
| NSWTC | 20-Mar-28 | 3 | 9433 | 3.98 | 0.07 | 0.17 | 3.98 | 3.93 |
| SAFA | 24-May-28 | 3 | 4040 | 4.01 | 0.06 | 0.11 | 4.01 | 3.96 |
| QTC | 21-Jul-28 | 3.25 | 8520 | 3.97 | 0.07 | 0.14 | 3.97 | 3.92 |
| TCV | 20-Oct-28 | 3 | 9771 | 4.04 | 0.06 | 0.14 | 4.04 | 3.99 |
| NSWTC | 20-Apr-29 | 3 | 9403 | 4.08 | 0.07 | 0.16 | 4.08 | 4.02 |
| NTTC | 21-May-29 | 2 | 600 | 4.19 | 0.07 | 0.15 | 4.19 | 4.14 |
| ACTTREAS | 22-May-29 | 5.25 | 900 | 4.15 | 0.07 | 0.17 | 4.15 | 4.10 |
| WATC | 24-Jul-29 | 2.75 | 3571 | 4.07 | 0.06 | 0.14 | 4.07 | 4.01 |
| QTC | 21-Aug-29 | 3.25 | 7535 | 4.08 | 0.08 | 0.16 | 4.08 | 4.02 |
| TCV | 22-Oct-29 | 2.5 | 9837 | 4.14 | 0.08 | 0.13 | 4.14 | 4.08 |
| TASCORP | 24-Jan-30 | 2 | 974 | 4.25 | 0.07 | 0.08 | 4.25 | 4.18 |
| NSWTC | 20-Feb-30 | 3 | 10441 | 4.18 | 0.08 | 0.16 | 4.18 | 4.11 |
| NTTC | 21-May-30 | 2 | 750 | 4.30 | 0.08 | 0.15 | 4.30 | 4.24 |
| SAFA | 24-May-30 | 2.75 | 3865 | 4.20 | 0.07 | 0.11 | 4.20 | 4.14 |
| QTC | 21-Aug-30 | 3.5 | 8587 | 4.18 | 0.08 | 0.14 | 4.18 | 4.11 |
| TCV | 20-Nov-30 | 5.25 | 8122 | 4.26 | 0.07 | 0.11 | 4.26 | 4.20 |
| NSWTC | 20-Mar-31 | 2 | 10103 | 4.31 | 0.08 | 0.16 | 4.31 | 4.24 |
| NTTC | 21-Apr-31 | 5.25 | 750 | 4.46 | 0.09 | 0.15 | 4.46 | 4.40 |
| QTC | 21-Aug-31 | 1.75 | 7357 | 4.30 | 0.09 | 0.14 | 4.30 | 4.23 |
| ACTTREAS | 23-Oct-31 | 5.25 | 1000 | 4.42 | 0.09 | 0.17 | 4.42 | 4.35 |
| SAFA | 24-May-32 | 5.25 | 3310 | 4.45 | 0.09 | 0.15 | 4.45 | 4.38 |
| TCV | 20-Dec-32 | 4.25 | 9108 | 4.47 | 0.06 | 0.11 | 4.47 | 4.41 |
| NSWTC | 8-Mar-33 | 5.25 | 8835 | 4.57 | 0.09 | 0.18 | 4.57 | 4.49 |
| QTC | 14-Mar-33 | 6.5 | 721 | 4.44 | 0.10 | 0.17 | 4.44 | 4.36 |
| QTC | 20-Jul-34 | 1.75 | 4885 | 4.64 | 0.09 | 0.16 | 4.64 | 4.56 |
| WATC | 24-Oct-34 | 2 | 1193 | 4.59 | 0.09 | 0.18 | 4.59 | 4.51 |
| QTC | 16-Apr-40 | 2.25 | 1482 | 5.02 | 0.09 | 0.20 | 5.02 | 4.91 |
| NSWTC | 7-May-41 | 2.25 | 2323 | 5.14 | 0.10 | 0.28 | 5.14 | 5.03 |
| QTC | 20-Nov-41 | 2.25 | 2181 | 5.07 | 0.11 | 0.24 | 5.07 | 4.96 |