Hungarian Treasury 3-month bond

HUNG

[Implied Yield 0.25%] 19 June, 2018

NEWS BITES - BONDS

The yield to maturity is 0.25%.

Hungary 3-Month1-week1-month3-months1-year
Price Change %0.050.02
YTM change (%)4.1725.0400.066.67

SECTION 1

1.1 Maturity

IssuerHungary
Maturity DateSeptember 26, 2018

SECTION 2

HUNGARY 3-MONTH BEARISH SIGNALS

Technicals:

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

SECTION 3

PRICE VOLUME DYNAMICS

Technicals:

+ The Hungary 3-Month is at a discount of 0.1% to its 12-month high of HUF99.99 traded on February 19.

+ It is at a premium of 0.01% to its 12-month low of HUF99.92 traded on May 28.

+ The present value of HUF1,000 (PV1000) invested one year ago in Hungary 3-Month is HUF1,000, for a capital loss of 17 HUF filler.

PV10001-week1-month1-year
hungary-3-month.BU1,0001,0001,000

SECTION 4

PERFORMANCE RANK

+ The 3-Month bond yield is ranked 14 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
1Mexico7.934.513.272
2Kenya7.824.053.624
3Russia7.072.44.561
4South Africa6.924.52.316
5India6.474.871.526
6Pakistan6.254.191.977
7Malaysia3.31.41.874
8Philippines3.254.6-1.289
9Poland2.651.70.934
10Singapore1.650.11.547
11Canada1.212.2-0.974
12United Kingdom0.492.4-1.86
13Norway0.352.3-1.907
14Hungary0.251.8-1.523
15Israel0.140.5-0.356

SECTION 5

MACROECONOMIC INDICATORS

IndicatorValueGlobal Rank
GDP (USD Billion)14053
GDP growth yoy (%)(-0.9)63
Interest rate (%)4.541
Inflation rate (%)1.830
Public debt (USD) (billion)129.724
Public debt per person (USD)13,01739
Total annual debt change (%)7.936
Debt to GDP (%)79.249
Budget Deficit to GDP (%)1.921
Current account Surplus to GDP (%)2.320
Unemployment rate (%)11.051
Population (million)1046

SECTION 6

CREDIT RATING SUMMARY

Hungary:

Rating AgencyLong TermForeign CurrencyDescription
FitchBBB-
Moody'sBaa3
S&PBBB-Considered lowest investment grade by market participants. The minus (-) sign shows relative standing within the major rating category.
FITCHBB+Speculative: 'BB' ratings indicate an elevated vulnerability to default risk. The plus (+) sign shows relative standing within the major rating category.
DAGONGBBB-Medium Credit Quality: "BBB" ratings indicate that expectations of default risk are currently low and it has BBB medium default risk. In normal conditions, the capacity for payment of financial commitments is considered adequate, whereas under adverse business or economic conditions risks of default are more likely to exist under this scale. The minus (-) sign shows relative standing within the major rating category.

Source: www.BuySellSignals.com