United Kingdom Treasury 1-year bond
United Kingdom Treasury 1-Year bond drops to four-month low [Implied Yield 0.256%] 23 June, 2017
NEWS BITES - BONDS
United Kingdom Treasury 1-Year bond traded at its 119-day low of GBP101.05. The bond price has decreased 5.0 GBX (or 0.05%) from its last trading session of June 22, 2017 to close at GBP101.06. The bond matures in 3 months; its yield to maturity has (YTM) increased by 3.3 basis points from 0.22% to 0.256%.
|Price Change %||0.05||0.1||0.3||0.4||0.43|
|YTM change (%)||14.8||53.29||118.8||71.81||47.0|
UK 1-YEAR BEARISH SIGNALS
+ The price decreased 0.1% in the last week and 0.3% in the last month.
+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 101.17 minus the 26-day EMA of 101.23 is negative 0.06 suggesting a bearish signal. Both EMA prices are falling, another bearish signal.
UK 1-YEAR BULLISH SIGNALS
+ At GBP101.06 the price is below the lower Bollinger band support of GBP101.08, indicating an upside for it to return to the band.
+ The Relative Strength Index (RSI) of 26.4 has breached the oversold line of 30, suggesting the price decrease of 0.2% in the last 14 days is unusually high.
+ The bond is oversold according to the Williams % R indicator of -95.0, suggesting the price is close to its 14-day low of GBP101.05.
3.2 High Performance Indicator:
|Description||Value||Rank In Market|
|Volatility %||0.04||In Top Quartile|
PRICE VOLUME DYNAMICS
+ The UK 1-Year is at a discount of 0.6% to its 12-month high of GBP101.64 traded on February 28.
+ It is at a premium of 0.6% to its 12-month low of GBP100.46 traded on February 22.
+ The present value of GBP1,000 (PV1000) invested one year ago in UK 1-Year is GBP1,004, for a capital gain of GBP4.
+ The 1-Year bond yield is ranked 21 out of 25 countries in the global sovereign bond index.
The table below shows today's 1-Year Bond Yield in %, current inflation rate in % and real rate of interest(%).
|Rank||Country||1-Yr Bond||Inflation||Real Rate|
|Indicator||Value||G20 Rank||Global Rank|
|GDP (USD Billion)||2,861||6||6|
|GDP growth yoy (%)||2.1||8||36|
|Interest rate (%)||0.25||6||20|
|Inflation rate (%)||2.3||12||36|
|Public debt (USD) (billion)||2,795.7||17||63|
|Public debt per person (USD)||43,696||16||58|
|Total annual debt change (%)||8.0||8||37|
|Debt to GDP (%)||89.3||15||53|
|Budget Deficit to GDP (%)||3.0||8||34|
|CAD to GDP (%)||4.4||19||52|
|Unemployment rate (%)||4.7||7||21|
CREDIT RATING SUMMARY
|Rating Agency||Long Term||Foreign Currency||Description|
|S&P||AAA||Extremely strong capacity to meet financial commitments. Highest Rating.|
|FITCH||AA+||Very high credit quality: 'AA' ratings denote expectations of very low default risk. The plus (+) sign shows relative standing within the major rating category.|
|DAGONG||A+||High Credit Quality: "A" ratings denote expectations of relatively low default risk. The capacity for payment of financial commitments is considered sufficient. However, this capacity may be more vulnerable than those of the higher ratings to adverse business or economic conditions due to any foreseeable event. The plus (+) sign shows relative standing within the major rating category.|