Searching for continuous gravitational waves in the Parkes Pulsar Timing Array Data Release 3

We present results from an all-sky search for continuous gravitational waves from individual supermassive binary black holes using the third data release (DR3) of the Parkes Pulsar Timing Array (PPTA). Even though we recover a common-spectrum stochastic process, potentially induced by a nanohertz gravitational wave background, we find no evidence of continuous waves. Therefore, we place upper limits on the gravitational-wave strain amplitude: in the most sensitive frequency range around 10 nHz, we obtain a sky-averaged 95\% credibility upper limit of $\approx 7 \times 10^{-15}$. Our search is sensitive to supermassive binary black holes with a chirp mass of $\geq 10^9M_{\odot}$ up to a luminosity distance of 50 Mpc for our least sensitive sky direction and 200 Mpc for the most sensitive direction. This work provides at least 4 times better sensitivity in the 1-200 nHz frequency band than our last search based on the PPTA's first data release. We expect that PPTA will continue to play a key role in detecting continuous gravitational waves in the exciting era of nanohertz gravitational wave astronomy.