Canadian Treasury 3-month bond

CANA

Canada Treasury 3-Month bond rises for a second consecutive day, a two-day rise of 0.01% [Implied Yield 1.19%] 20 April, 2018

NEWS BITES - BONDS

Canada Treasury 3-Month bond, has risen 0.40c (or 0.004%) for a second consecutive day on Friday bringing its two-day rise to 0.80c or 0.01%. The bond last traded at CAD99.68. The bond matures in 2 months; its yield to maturity has (YTM) decreased by 1.0 basis points from 1.2% to 1.19%.

Canada 3-Month1-day1-week1-month3-months1-year
Price Change %0.0040.040.020.040.17
YTM change (%)0.832.598.180.85120.37

SECTION 1

1.1 Maturity

IssuerCanada

SECTION 2

CANADA 3-MONTH BULLISH SIGNALS

2.1 Technicals:

+ Rises to Falls in the past month: the number of rises outnumbered falls 15:5 or 3:1. The bond traded in 20 of the 23 trading days.

2.2 Oversold/Bullish/Support Signals:

+ The bond is oversold according to the Williams % R indicator of -82.8, suggesting the price is close to its 14-day low of CAD99.67.

+ The Stochastic indicator of 14.9 has pierced the oversold line of 20; this indicates the price is close to its 14-day low and is likely to revert to an uptrend.

2.3 High Performance Indicator:

DescriptionValueRank In Market
Volatility %0.01In Top 3%

SECTION 3

CANADA 3-MONTH BEARISH SIGNALS

Technicals:

+ The price decreased 0.04% in the last week and 0.02% in the last month.

+ In the last three months the bond has hit a new 52-week low twice.

SECTION 4

PRICE VOLUME DYNAMICS

Technicals:

+ The Canada 3-Month is at a discount of 0.2% to its 12-month high of CAD99.88 traded on June 12, 2017.

+ It is at a premium of 0.01% to its 12-month low of CAD99.67 traded on February 06.

+ The present value of CAD1,000 (PV1000) invested one year ago in Canada 3-Month is CAD998, for a capital loss of CAD2.

PV$10001-week1-month1-year
canada-3-month.T1,0001,000998

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
1Kenya8.04.053.796
2Mexico7.645.042.475
3Russia7.072.44.561
4Pakistan6.53.253.148
5South Africa6.354.02.26
6India6.154.281.793
7Philippines3.484.3-0.79
8Malaysia3.31.41.874
9Poland2.651.31.333
10Singapore1.430.50.924
11Canada1.192.2-0.988
12Norway0.612.2-1.551
13United Kingdom0.532.7-2.118
14Israel0.150.2-0.05
15Hungary0.071.8-1.699

SECTION 6

MACROECONOMIC INDICATORS

IndicatorValue
GDP (USD Billion)1,530
GDP growth yoy (%)2.9
Interest rate (%)1.25
Inflation rate (%)2.2
Public debt (USD) (billion)1,719
Public debt per person (USD)48,478
Total annual debt change (%)4.0
Debt to GDP (%)89.6
Budget Deficit to GDP (%)0.9
CAD to GDP (%)3.3
Unemployment rate (%)5.8
Population (million)35.6

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