Government Issued Bonds and Yield Curve

Australian Government Issued Bonds

Government Issued bonds are a set of debt securities with differing terms to maturity but the same risk, liquidity, and tax considerations. The maturity can be short term or long term.

Date	Value	Previous	Change
May 15, 2012	3.80	3.80	--
May 14, 2012	3.80	3.79	+1.00 bps
May 11, 2012	3.79	3.81	-2.00 bps
May 10, 2012	3.81	3.78	+3.00 bps
May 9, 2012	3.78	3.78	--
May 8, 2012	3.78	3.79	-1.00 bps
May 7, 2012	3.79	3.88	-9.00 bps
May 4, 2012	3.88	3.89	-1.00 bps
May 3, 2012	3.89	3.89	--
May 2, 2012	3.89	3.85	+4.00 bps

Date	Value	Previous	Change
May 15, 2012	3.76	3.77	-1.00 bps
May 14, 2012	3.77	3.79	-2.00 bps
May 11, 2012	3.79	3.77	+2.00 bps
May 10, 2012	3.77	3.72	+5.00 bps
May 9, 2012	3.72	3.76	-4.00 bps
May 8, 2012	3.76	3.76	--
May 7, 2012	3.76	3.85	-9.00 bps
May 4, 2012	3.85	3.87	-2.00 bps
May 3, 2012	3.87	3.87	--
May 2, 2012	3.87	3.83	+4.00 bps

Date	Value	Previous	Change
May 15, 2012	3.70	3.70	--
May 14, 2012	3.70	3.73	-3.00 bps
May 11, 2012	3.73	3.75	-2.00 bps
May 10, 2012	3.75	3.69	+6.00 bps
May 9, 2012	3.69	3.70	-1.00 bps
May 8, 2012	3.70	3.69	+1.00 bps
May 7, 2012	3.69	3.82	-13.00 bps
May 4, 2012	3.82	3.82	--
May 3, 2012	3.82	3.84	-2.00 bps
May 2, 2012	3.84	3.79	+5.00 bps

Date	Value	Previous	Change
May 15, 2012	2.61	2.62	-1.00 bps
May 14, 2012	2.62	2.66	-4.00 bps
May 11, 2012	2.66	2.71	-5.00 bps
May 10, 2012	2.71	2.67	+4.00 bps
May 9, 2012	2.67	2.74	-7.00 bps
May 8, 2012	2.74	2.70	+4.00 bps
May 7, 2012	2.70	2.86	-16.00 bps
May 4, 2012	2.86	2.87	-1.00 bps
May 3, 2012	2.87	2.92	-5.00 bps
May 2, 2012	2.92	2.82	+10.00 bps

Date	Value	Previous	Change
May 15, 2012	2.77	2.79	-2.00 bps
May 14, 2012	2.79	2.82	-3.00 bps
May 11, 2012	2.82	2.88	-6.00 bps
May 10, 2012	2.88	2.85	+3.00 bps
May 9, 2012	2.85	2.91	-6.00 bps
May 8, 2012	2.91	2.87	+4.00 bps
May 7, 2012	2.87	3.03	-16.00 bps
May 4, 2012	3.03	3.04	-1.00 bps
May 3, 2012	3.04	3.10	-6.00 bps
May 2, 2012	3.10	2.99	+11.00 bps

Date	Value	Previous	Change
May 15, 2012	3.26	3.29	-3.00 bps
May 14, 2012	3.29	3.29	--
May 11, 2012	3.29	3.35	-6.00 bps
May 10, 2012	3.35	3.37	-2.00 bps
May 9, 2012	3.37	3.42	-5.00 bps
May 8, 2012	3.42	3.41	+1.00 bps
May 7, 2012	3.41	3.56	-15.00 bps
May 4, 2012	3.56	3.57	-1.00 bps
May 3, 2012	3.57	3.64	-7.00 bps
May 2, 2012	3.64	3.54	+10.00 bps

Australian Yield Curve

The yield curve plots the return on various fixed income instruments. The shape of the curve illustrates the relationship between expected yields and time to maturity. Yields on new domestic bond issues reflect changes to the Cash Target Rate.