Canadian Treasury 3-month bond

CANA

Canada Treasury 3-Month bond rises for a seventh consecutive day, a seven-day rise of 0.04% [Implied Yield 1.46%] 16 August, 2018

NEWS BITES - BONDS

Canada Treasury 3-Month bond, has risen 0.80c (or 0.01%) to close at CAD99.64. The bond advanced for a seventh straight day on Thursday. The bond matures in 3 months; its yield to maturity has (YTM) decreased by 1.5 basis points from 1.48% to 1.46%.

Canada 3-Month1-day1-week1-month3-months1-year
Price Change %0.010.030.0020.020.18
YTM change (%)1.022.8215.41101.38

SECTION 1

CANADA 3-MONTH BULLISH SIGNALS

1.1 Technicals:

+ The price increased 0.03% in the last week and 0.002% in the last month.

+ Rises to Falls in the past month: the number of rises outnumbered falls 19:3 or 6.3:1. The bond traded in 22 of the 23 trading days.

1.2 High Performance Indicator:

DescriptionValueRank In Market
Price Change %0.01In Top Quartile

SECTION 2

CANADA 3-MONTH BEARISH SIGNALS

Technicals:

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

SECTION 3

PRICE VOLUME DYNAMICS

Technicals:

+ The Canada 3-Month is at a discount of 0.2% to its 12-month high of CAD99.83 traded on August 21, 2017.

+ It is at a premium of 0.04% to its 12-month low of CAD99.60 traded on July 10.

+ 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 4

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
1Mexico7.924.812.967
2Pakistan7.755.831.814
3Kenya7.674.053.477
4Russia7.212.54.595
5India6.84.172.525
6South Africa6.44.61.721
7Philippines3.625.7-1.963
8Malaysia3.320.82.5
9Poland2.652.00.637
10Singapore1.680.61.073
11Canada1.462.5-1.015
12United Kingdom0.692.5-1.762
13Norway0.573.0-2.355
14Hungary0.171.8-1.601
15Israel0.141.4-1.246

SECTION 5

MACROECONOMIC INDICATORS

IndicatorValue
GDP (USD Billion)1,653
GDP growth yoy (%)2.3
Interest rate (%)1.5
Inflation rate (%)2.5
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 (%)3.0
Unemployment rate (%)5.8
Population (million)35.6

SECTION 6

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