Canadian Treasury 3-month bond
Canada Treasury 3-Month bond rises for a third consecutive day, a three-day rise of 0.01% [Implied Yield 1.18%] 19 January, 2018
NEWS BITES - BONDS
Canada Treasury 3-Month bond, has risen 0.50c (or 0.01%) for a third consecutive day on Friday bringing its three-day rise to 1.20c or 0.01%. The bond last traded at CAD99.71. The bond matures in 3 months; its yield to maturity has (YTM) decreased by 1.0 basis points from 1.19% to 1.18%.
|Price Change %||0.01||0.1||0.03||0.18|
|YTM change (%)||0.84||2.16||25.53||26.2||168.18|
CANADA 3-MONTH BULLISH SIGNALS
+ Rises to Falls in the past month: the number of rises outnumbered falls 14:6 or 2.3:1. The bond traded in 20 of the 23 trading days.
CANADA 3-MONTH BEARISH SIGNALS
+ In the last three months the bond has hit a new 52-week low twice.
PRICE VOLUME DYNAMICS
+ The Canada 3-Month is at a discount of 0.2% to its 12-month high of CAD99.89 traded on January 23, 2017.
+ It is at a premium of 0.03% to its 12-month low of CAD99.68 traded on January 09.
+ The present value of CAD1,000 (PV1000) invested one year ago in Canada 3-Month is CAD998, for a capital loss of CAD2.
+ The 3-Month bond yield is ranked 10 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)||1,530||11||11|
|GDP growth yoy (%)||3.0||7||30|
|Interest rate (%)||1.0||7||23|
|Inflation rate (%)||2.1||10||32|
|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 (%)||92.3||16||53|
|Budget Deficit to GDP (%)||0.9||2||12|
|CAD to GDP (%)||3.3||16||48|
|Unemployment rate (%)||5.7||12||28|
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.|