Hong Kong Treasury 1-year bond
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-Year||1-day||1-week||1-month||3-months||1-year|
|Price Change %||0.002||0.1||0.05||0.19||0.13|
|YTM change (%)||1.04||4.9||3.96||31.08||18.29|
HONG KONG 1-YEAR BEARISH SIGNALS
+ 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.
HONG KONG 1-YEAR BULLISH SIGNALS
+ The price increased 0.1% in the last week and 0.05% in the last month.
PRICE VOLUME DYNAMICS
+ 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.