Hong Kong Treasury 1-year bond

HongKong

HongKong Treasury 1-Year bond falls 0.02% from 14-day high [Implied Yield 0.97%] 19 January, 2018

NEWS BITES - BONDS

HongKong Treasury 1-Year bond, was down 0.02% from its 14-day high of HKD99.12 on 19 January, 2018. Its Williams % R is -6.1 which suggests it is overbought, a bearish signal. Its Relative Strength Index [RSI] is 82.3. An RSI reading of between 70 and 100 suggests the bond is close to its 14-day high. This suggests the bond is overbought; another bearish signal. The bond price has decreased 0.20c (or 0.002%) from its last trading session of January 18, 2018 to close at HKD99.11. The bond matures in 11 months; its yield to maturity has (YTM) increased by 1.0 basis points from 0.96% to 0.97%.

Hong Kong 1-Year1-day1-week1-month3-months1-year
Price Change %0.0020.10.050.190.13
YTM change (%)1.044.93.9631.0818.29

SECTION 1

1.1 Maturity

IssuerHongKong

SECTION 2

HONG KONG 1-YEAR BEARISH SIGNALS

2.1 Technicals:

+ In the last three months the bond has hit a new 52-week low ten times, pointing to a significant downtrend.

2.2 Overbought/Bearish/Resistance Signals:

+ The Relative Strength Index (RSI) of 82.3 has penetrated the overbought line of 70, suggesting the price gain of 0.2% in the last 14 days is unusually high.

+ The bond is overbought according to the Williams % R indicator of -6.1, suggesting the price is close to its 14-day high of HKD99.12.

+ The Stochastic indicator of 97.1 has broken through the overbought line of 80; this indicates the price is close to its 14-day high and is likely to revert to a downtrend.

SECTION 3

HONG KONG 1-YEAR BULLISH SIGNALS

Technicals:

+ The price increased 0.1% in the last week and 0.05% in the last month.

SECTION 4

PRICE VOLUME DYNAMICS

Technicals:

+ The Hong Kong 1-Year is at a discount of 0.5% to its 12-month high of HKD99.57 traded on September 14, 2017.

+ It is at a premium of 0.3% to its 12-month low of HKD98.78 traded on December 27, 2017.

+ The present value of HKD1,000 (PV1000) invested one year ago in Hong Kong 1-Year is HKD999, for a capital loss of HKD1.

PV$10001-week1-month1-year
hong-kong-1-year.HK1,0011,000999

SECTION 5

MACROECONOMIC INDICATORS

IndicatorValue

Source: www.BuySellSignals.com