– 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