Bonds up on rate cut expectations

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CREDIT MARKET SNAPSHOT at 1630 AEDT

SECURITY YIELD PREV CLOSE

CGS 5.75 pct July 2022 3.093 3.154

CGS 4.75 pct Oct 2015 2.623 2.686

90-day bank bill rate 3.170 3.280

180-day bank bill rate 3.150 3.260

Sydney Futures Exchange

CONTRACT PRICE PREVIOUS CLOSE

Dec 2012 10-year bond futures 96.915 96.860

Dec 2012 3-year bond futures 97.380 97.330

Dec 2012 bill futures 96.860 96.820

Mar 2013 bill futures 96.990 96.930

(*Closes taken at 1630 AEDT previous local session)

Sourcedata: IRESS and Reuters