Canadian Treasury 3-month bond
Canada Treasury 3-Month bond falls for a second consecutive day, a two-day fall of 0.02% [Implied Yield 0.645%] 23 June, 2017
NEWS BITES - BONDS
Canada Treasury 3-Month bond, has fallen 2.20c (or 0.02%) for a second consecutive day on Friday bringing its two-day fall to 2.30c or 0.02%. The bond last traded at CAD99.83. The bond matures in 10 months; its yield to maturity has (YTM) decreased by 2.0 basis points from 0.67% to 0.645%.
|Price Change %||0.02||0.02||0.03||0.03||0.04|
|YTM change (%)||3.01||29.0||26.47||26.47||26.47|
CANADA 3-MONTH BEARISH SIGNALS
+ The price decreased 0.02% in the last week and 0.03% in the last month.
+ In the last three months the bond has hit a new 52-week low thrice.
CANADA 3-MONTH BULLISH SIGNALS
+ At CAD99.83 the price is below the lower Bollinger band support of CAD99.84, indicating an upside for it to return to the band.
+ The bond is oversold according to the Williams % R indicator of -87.7, suggesting the price is close to its 14-day low of CAD99.83.
3.2 High Performance Indicator:
|Description||Value||Rank In Market|
|Volatility %||0.02||In Top 7%|
PRICE VOLUME DYNAMICS
+ The Canada 3-Month is at a discount of 0.1% to its 12-month high of CAD99.89 traded on January 23.
+ It is at a premium of 0.01% to its 12-month low of CAD99.83 traded on June 22.
+ The present value of CAD1,000 (PV1000) invested one year ago in Canada 3-Month is CAD1,000, for a capital loss of 36c.
+ The 3-Month bond yield is ranked 11 out of 15 countries in the global sovereign bond index.
The table below shows today's 3-Month Bond Yield in %, current inflation rate in % and real rate of interest(%).
|Rank||Country||3-Mo Bond||Inflation||Real Rate|
|Indicator||Value||G20 Rank||Global Rank|
|GDP (USD Billion)||1,553||11||11|
|GDP growth yoy (%)||1.9||10||39|
|Interest rate (%)||0.5||7||21|
|Inflation rate (%)||1.6||5||18|
|Public debt (USD) (billion)||1,719||11||57|
|Public debt per person (USD)||48,478||17||60|
|Total annual debt change (%)||4.0||7||24|
|Debt to GDP (%)||91.5||16||54|
|Budget Surplus to GDP (%)||0.1||2||8|
|CAD to GDP (%)||3.3||16||47|
|Unemployment rate (%)||6.5||13||31|
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.|