Australian Treasury 10-year bond
Australia Treasury 10-Year bond falls for a second consecutive day, a two-day fall of 0.4% [Implied Yield 2.816%] 20 October, 2017
NEWS BITES - BONDS
Australia Treasury 10-Year bond, has fallen 7.90c (or 0.1%) for a second consecutive day on Friday bringing its two-day fall to 42.80c or 0.4%. The bond last traded at $A99.70. The bond matures in 9 years and 6 months; its yield to maturity has (YTM) increased by 5.4 basis points from 2.76% to 2.816%.
|Price Change %||0.1||0.2||0.5||0.29||18.7|
|YTM change (%)||1.96||0.79||0.88||2.51||24.05|
|Maturity Date||April 21, 2027|
AUSTRALIA 10-YEAR BEARISH SIGNALS
+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 99.67 minus the 26-day EMA of 99.85 is negative 0.19 suggesting a bearish signal.
+ The 5.2% premium to 12-month low of $A94.80 against the 19.2% discount to high of $A123.43 suggests the bond continues to push for new lows.
+ The present value of $A1,000 (PV1000) invested one year ago in Australia 10-Year is $A813, for a capital loss of $A187.
2.2 Overbought/Bearish/Resistance Signals:
+ The Stochastic indicator of 84.1 has broken through the overbought line of 80; this indicates the price is close to its 14-day high and is likely to revert to a downtrend.
2.3 Low Performance Indicators:
|Description||Value||Rank In Market|
|Volatility %||0.6||In Bottom Quartile|
|Price/MAP200||0.85||In Bottom 6%|
AUSTRALIA 10-YEAR BULLISH SIGNALS
+ The price increased 0.2% in the last week and 0.5% in the last month.
PRICE VOLUME DYNAMICS
Present Value of $A1000 invested in the past:
+ The present value of AUD1,000 (PV1000) invested three years ago in Australia Treasury 10-Year is $A1,038, for a capital gain of $A38.
+ 3 years Multiplier in AUD = 1.038x
+ Compound Annual Growth Rate (CAGR) in AUD = 1.2%
Present Value of USD1,000 invested 3 years ago:
+ The present value of USD1,000 (PV1000) invested three years ago in Australia Treasury 10-Year is $US927, for a capital loss of $US73.
+ 3 years ago AUD 1 equalled USD 0.8755
+ 3 years Multiplier in USD = 0.927x
+ Compound Annual Growth Rate (CAGR) in USD = -2.5%
Oct 20, 2017: AUD 1 equals USD 0.7823
+ The 10-Year bond yield is ranked 17 out of 42 countries in the global sovereign bond index.
The table below shows today's 10-Year Bond Yield in %, current inflation rate in % and real rate of interest(%).
|Rank||Country||10-Yr Bond||Inflation||Real Rate|
|Indicator||Value||G20 Rank||Global Rank|
|GDP (USD Billion)||1,340||13||13|
|GDP growth yoy (%)||2.4||7||32|
|Interest rate (%)||1.5||10||29|
|Inflation rate (%)||2.1||10||32|
|Public debt (USD) (billion)||400.9||7||50|
|Public debt per person (USD)||16,819||12||40|
|Total annual debt change (%)||0.5||3||9|
|Debt to GDP (%)||41.1||6||24|
|Budget Deficit to GDP (%)||2.4||5||26|
|CAD to GDP (%)||2.7||14||44|
|Unemployment rate (%)||5.88||12||27|
CREDIT RATING SUMMARY
|Rating Agency||Long Term||Foreign Currency||Description|
|S&P||AAA||Extremely strong capacity to meet financial commitments. Highest Rating.|
|FITCH||AAA||Highest credit quality: 'AAA' ratings denote the lowest expectation of default risk. This capacity is highly unlikely to be adversely affected by foreseeable events.|
|DAGONG||AA+||"AA" ratings denote expectations of very low default risk. It indicates that the issuer has a very strong capacity for payment of financial commitments. Although due to its relatively higher long-term risk, this capacity is not significantly vulnerable to any foreseeable event. The plus (+) sign shows relative standing within the major rating category.|