United Kingdom Treasury 1-year bond
United Kingdom Treasury 1-Year bond rises for a second consecutive day, a two-day rise of 0.01% [Implied Yield 0.472%] 19 January, 2018
NEWS BITES - BONDS
United Kingdom Treasury 1-Year bond, has risen 0.40 GBX (or 0.004%) for a second consecutive day on Friday bringing its two-day rise to 0.60 GBX or 0.01%. The bond last traded at GBP100.40. The bond matures in 8 months; its yield to maturity has (YTM) decreased by 0.5 basis point from 0.48% to 0.472%.
|Price Change %||0.004||0.1||0.23||0.16|
|YTM change (%)||1.05||4.26||24.21||19.19||372.0|
UK 1-YEAR BULLISH SIGNALS
+ The Relative Strength Index (RSI) of 16.7 has breached the oversold line of 30, suggesting the price decrease of 0.1% in the last 14 days is unusually high.
+ The Stochastic indicator of 18.0 has pierced the oversold line of 20; this indicates the price is close to its 14-day low and is likely to revert to an uptrend.
2.2 High Performance Indicator:
|Description||Value||Rank In Market|
|Volatility %||0.03||In Top Quartile|
UK 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.
PRICE VOLUME DYNAMICS
+ The UK 1-Year is at a discount of 1.2% to its 12-month high of GBP101.64 traded on February 28, 2017.
+ It is at a premium of 0.03% to its 12-month low of GBP100.36 traded on January 18.
+ The present value of GBP1,000 (PV1000) invested one year ago in UK 1-Year is GBP998, for a capital loss of GBP2.
+ The 1-Year bond yield is ranked 20 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)||2,648||6||6|
|GDP growth yoy (%)||1.7||15||48|
|Interest rate (%)||0.5||6||20|
|Inflation rate (%)||3.0||14||41|
|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||52|
|Budget Deficit to GDP (%)||3.0||10||35|
|CAD to GDP (%)||4.4||20||53|
|Unemployment rate (%)||4.3||8||19|
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.|