Canadian Treasury 3-month bond

CANA

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%.

Canada 3-Month1-day1-week1-month3-months1-year
Price Change %0.020.020.030.030.04
YTM change (%)3.0129.026.4726.4726.47

SECTION 1

1.1 Maturity

IssuerCanada

SECTION 2

CANADA 3-MONTH BEARISH SIGNALS

Technicals:

+ 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.

SECTION 3

CANADA 3-MONTH BULLISH SIGNALS

3.1 Technicals:

Oversold/Bullish/Support 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:

DescriptionValueRank In Market
Volatility %0.02In Top 7%

SECTION 4

PRICE VOLUME DYNAMICS

Technicals:

+ 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.

PV$10001-week1-month1-year
canada-3-month.T1,0001,0001,000

SECTION 5

PERFORMANCE RANK

+ 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(%).

RankCountry3-Mo BondInflationReal Rate
1Russia8.854.14.563
2Kenya8.314.054.094
3Mexico6.995.821.106
4South Africa6.76.10.566
5India6.262.993.175
6Pakistan5.994.781.155
7Malaysia3.155.1-1.855
8Poland2.652.00.637
9Philippines2.073.4-1.29
10Singapore0.930.70.226
11Canada0.651.6-0.94
12Norway0.372.2-1.787
13United Kingdom0.212.3-2.047
14Hungary0.151.8-1.621
14Israel0.150.7-0.546

SECTION 6

MACROECONOMIC INDICATORS

IndicatorValueG20 RankGlobal Rank
GDP (USD Billion)1,5531111
GDP growth yoy (%)1.91039
Interest rate (%)0.5721
Inflation rate (%)1.6518
Public debt (USD) (billion)1,7191157
Public debt per person (USD)48,4781760
Total annual debt change (%)4.0724
Debt to GDP (%)91.51654
Budget Surplus to GDP (%)0.128
CAD to GDP (%)3.31647
Unemployment rate (%)6.51331
Population (million)35.61730

SECTION 7

CREDIT RATING SUMMARY

Canada:

Rating AgencyLong TermForeign CurrencyDescription
Moody'sAaa
S&PAAAExtremely strong capacity to meet financial commitments. Highest Rating.
FITCHAAAHighest credit quality: 'AAA' ratings denote the lowest expectation of default risk. This capacity is highly unlikely to be adversely affected by foreseeable events.
DAGONGAA+"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.

Source: www.BuySellSignals.com