Canadian Treasury 3-month bond
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%.
|Price Change %||0.004||0.04||0.02||0.04||0.17|
|YTM change (%)||0.83||2.59||8.18||0.85||120.37|
CANADA 3-MONTH BULLISH SIGNALS
+ 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:
|Description||Value||Rank In Market|
|Volatility %||0.01||In Top 3%|
CANADA 3-MONTH BEARISH SIGNALS
+ 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.
PRICE VOLUME DYNAMICS
+ 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.
+ 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|
|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|
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.|