German Treasury 3-month bond
Germany Treasury 3-Month bond decreases after hitting resistance 16 August, 2018
NEWS BITES - BONDS
Germany Treasury 3-Month bond, has decreased 0.01% after hitting the upper Bollinger Band seven times in the last ten days. The upper Bollinger Band marks the trajectory of resistance on a bond price. This is a bearish signal.
|Price Change %||0.01||0.1||0.03||0.03||0.01|
GERMANY 3-MONTH BEARISH SIGNALS
+ Falls to Rises in the past month: the number of falls outnumbered rises 18:6 or 3:1. The bond traded in 24 of the 23 trading days.
1.2 Overbought/Bearish/Resistance Signals:
+ At EUR100.19 the price has risen above the upper Bollinger band resistance of EUR100.17, indicating a downside risk for it to fall back within the band.
+ The Relative Strength Index (RSI) of 74.6 has penetrated the overbought line of 70, suggesting the price gain of 0.1% in the last 14 days is unusually high.
+ The bond is overbought according to the Williams % R indicator of -5.7, suggesting the price is close to its 14-day high of EUR100.19.
GERMANY 3-MONTH BULLISH SIGNALS
+ The price increased 0.1% in the last week and 0.03% in the last month.
2.2 High Performance Indicators:
|Description||Value||Rank In Market|
|Volatility %||0.02||In Top 8%|
|Price/MAP50||1.0||In Top Quartile|
PRICE VOLUME DYNAMICS
+ The Germany 3-Month is at a discount of 0.1% to its 12-month high of EUR100.25 traded on April 11.
+ It is at a premium of 0.1% to its 12-month low of EUR100.07 traded on April 10.
+ The present value of EUR1,000 (PV1000) invested one year ago in Germany 3-Month is EUR1,000, for a capital gain of 11c.
|GDP (USD Billion)||3,677|
|GDP growth yoy (%)||2.0|
|Interest rate (%)||0.05|
|Inflation rate (%)||2.0|
|Public debt (USD) (billion)||2,792.9|
|Public debt per person (USD)||34,200|
|Debt to GDP (%)||64.1|
|Budget Surplus to GDP (%)||1.3|
|Current account Surplus to GDP (%)||8.0|
|Unemployment rate (%)||3.4|
CREDIT RATING SUMMARY
|Rating Agency||Long Term||Description|
|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.|