BENDZULLA ACTUARIAL PTY LTD
CONSULTING ACTUARIES
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TELEPHONE 1800 203 123    FACSIMILE 1800 103 123
ABN 13 009 492 219

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HISTORICAL BOND YIELDS

Interest rates in the tables below are from Table F2 "Interest Rates and Yields - Capital Market" for month year values, as published in the Reserve Bank of Australia's Bulletin. They are expressed as a percent per annum.

3 Year Results
MONTH 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Jan 5.62 10.24 7.37 6.47 5.32 4.72 6.82 4.84 5.41 4.58 5.57 5.28 5.28 6.09
Feb 6.29 9.28 7.99 6.85 5.33 5.13 6.52 4.82 5.38 4.36 5.37 5.54 5.26 5.93
March 7.09 9.25 8.40 7.12 5.12 5.00 6.38 4.75 5.82 4.64 5.15 5.62 5.36 6.17
April 7.39 9.01 8.21 6.77 5.22 5.02 6.43 5.11 5.51 4.66 5.55 5.29 5.65 6.08
May 7.44 7.92 8.38 6.21 4.87 5.46 6.20 5.38 5.90 4.44 5.36 5.14 5.69 6.22
June 8.61 8.27 8.33 5.93 5.25 5.63 5.97 5.55 5.61 4.47 5.43 5.10 5.78 6.45
July 8.56 8.52 7.53 5.58 5.17 5.53 6.22 5.67 5.37 4.80 5.50 5.12 5.97
Aug 8.42 7.98 7.24 5.51 5.73 5.77 6.37 4.99 5.25 5.05 5.28 5.00 5.79
Sept 9.24 7.73 7.01 5.23 4.62 5.60 6.21 4.50 4.95 5.04 5.24 5.29 5.76
Oct 9.57 7.99 6.72 5.24 4.67 6.08 6.09 4.22 4.90 5.53 5.14 5.36 6.02
Nov 10.01 7.39 6.64 5.59 4.59 6.18 5.71 4.74 5.01 5.83 4.94 5.29 5.93
Dec 10.07 7.44 6.58 5.49 4.64 6.47 5.27 5.10 4.55 5.39 5.10 5.21 6.10

5 Year Results
MONTH 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Jan 6.05 10.32 7.65 6.96 5.57 4.81 7.01 5.02 5.69 4.80 5.75 5.35 5.29 6.06
Feb 6.72 9.68 8.24 7.27 5.60 5.27 6.64 4.95 5.64 4.62 5.52 5.56 5.26 5.85
March 7.57 9.57 8.61 7.58 5.39 5.16 6.40 4.92 6.05 4.90 5.33 5.67 5.37 6.09
April 7.94 9.32 8.40 7.30 5.49 5.19 6.45 5.36 5.75 4.91 5.75 5.32 5.67 6.02
May 8.14 8.31 8.61 6.80 5.07 5.68 6.24 5.65 6.04 4.61 5.59 5.14 5.70 6.15
June 9.04 8.61 8.59 6.44 5.38 5.90 6.05 5.78 5.78 4.71 5.67 5.10 5.78 6.40
July 8.96 8.89 8.89 5.95 5.31 5.82 6.24 5.84 5.59 5.07 5.70 5.13 5.92
Aug 8.81 8.44 7.59 6.00 5.81 6.02 6.32 5.20 5.44 5.27 5.44 5.02 5.74
Sept 9.74 8.10 7.35 5.67 4.79 5.88 6.20 4.90 5.11 5.21 5.35 5.33 5.66
Oct 10.06 8.33 7.01 5.58 4.59 6.31 6.12 4.59 5.15 5.67 5.27 5.40 5.88
Nov 10.27 7.74 6.91 5.88 4.76 6.41 5.73 5.10 5.27 5.92 5.07 5.34 5.80
Dec 10.06 7.78 6.96 5.72 4.77 6.70 5.34 5.47 4.79 5.55 5.22 5.22 6.03

10 Year Results
MONTH 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Jan 6.36 10.40 8.01 7.41 5.90 5.02 7.16 5.33 6.01 5.18 5.83 5.40 5.35 5.94
Feb 7.05 9.85 8.59 7.68 5.98 5.55 6.65 5.23 5.95 5.07 5.55 5.57 5.29 5.69
March 7.95 9.83 8.88 8.00 5.75 5.49 6.36 5.28 6.32 5.33 5.49 5.67 5.41 5.88
April 8.44 9.69 8.72 7.83 5.89 5.51 6.39 5.78 6.10 5.28 5.94 5.35 5.70 5.88
May 8.79 8.94 8.85 7.48 5.38 6.00 6.27 6.03 6.20 4.87 5.85 5.15 5.71 6.02
June 9.63 9.21 8.88 7.05 5.58 6.27 6.16 6.04 5.99 5.01 5.87 5.11 5.79 6.26
July 9.57 9.42 8.30 6.37 5.53 6.24 6.25 6.08 5.86 5.43 5.85 5.13 5.84
Aug 9.36 8.98 8.07 6.56 5.91 6.35 6.28 5.54 5.69 5.49 5.54 5.06 5.67
Sept 10.33 8.57 7.79 6.13 5.08 6.30 6.20 5.52 5.34 5.38 5.47 5.36 5.51
Oct 10.51 8.78 7.38 5.96 4.94 6.63 6.18 5.21 5.58 5.76 5.39 5.48 5.66
Nov 10.47 8.17 7.17 6.20 5.03 6.64 5.77 5.61 5.70 5.95 5.23 5.38 5.59
Dec 10.04 8.18 7.37 6.05 5.01 6.96 5.46 6.01 5.16 5.60 5.33 5.20 5.89

Treasury Capital Indexed Bond Yields
MONTH 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Jan   5.61 4.59 4.23 3.95 3.43 3.64 3.235 3.53 3.295 3.59 2.755 2.17 2.675
Feb   5.50 4.78 4.36 3.92 3.59 3.63 3.265 3.46 3.195 3.34 2.84 2.285 2.425
March   5.45 4.86 4.60 3.73 3.64 3.65 3.275 3.58 3.35 3.175 2.79 2.24 2.520
April   5.08 4.79 4.93 3.71 3.74 3.67 3.41 3.53 3.34 3.44 2.71 2.485 2.605
May   4.81 5.03 4.65 3.45 3.70 3.54 3.485 3.51 3.035 3.30 2.60 2.505 2.625
June   4.79 5.19 4.44 3.44 3.76 3.42 3.47 3.43 3.075 3.32 2.64 2.42 2.69
July   4.83 4.85 4.13 3.36 3.80 3.375 3.52 3.44 3.41 3.31 2.57 2.355
Aug   4.76 4.78 4.37 3.50 3.65 3.425 3.22 3.51 3.475 2.995 2.39 2.205
Sept   4.64 4.64 4.10 3.25 3.64 3.44 3.445 3.295 3.405 2.83 2.56 2.135
Oct   4.74 4.32 4.06 3.48 3.69 3.44 3.34 3.33 3.565 2.85 2.57 2.23
Nov   4.57 4.15 4.12 3.44 3.70 3.405 3.465 3.345 3.74 2.70 2.455 2.40
Dec   4.62 4.23 4.05 3.42 3.78 3.305 3.52 3.215 3.515 2.755 2.20 2.635

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