– Daily Commentary BY THE CURVE TEAM –
Daily Insights – Weekly Payrolls
10 December, 2021
Weekly Payrolls
- Payrolls for the two weeks to 13 November were up 0.2%.
- Victoria led the gains, up 0.8%.
- On the other hand, NSW was down 0.1%, which may be a sign that the tailwind from unwinding lockdowns may have ended.
AMP FRN
- AMP issued $125 million at +90 for 3 years
- This is considerably higher than Mystate’s (also BBB rated) recent three-year issue at +60.
T Note Issue
- The February 2022 maturity had a lowest accepted yield of -0.005% and highest of 0.03%.
- The March 2022 maturity had a lowest accepted yield of 0.005% and highest of 0.05%.
Josh Stewart
Associate - Money Markets
Curve Securities: Term Deposits | Bonds | Yield Curve Specialists