United Kingdom Treasury 6-month bond

UK

United Kingdom Treasury 6-Month bond hits year-low 4th time in one month [Implied Yield 0.408%] 17 October, 2017

NEWS BITES - BONDS

United Kingdom Treasury 6-Month bond hit a 52-week low of GBP99.80 during the day. In the last one month the bond has hit a new 52-week low four times, pointing to an downtrend. The bond price has decreased 1.40 GBX (or 0.01%) from its last trading session of October 16, 2017 to close at GBP99.80, ending a two-day streak of rises. The bond matures in 8 months; its yield to maturity has (YTM) increased by 1.5 basis points from 0.39% to 0.408%.

UK 6-Month1-day1-week1-month3-months1-year
Price Change %0.010.010.10.070.04
YTM change (%)3.824.0867.2151.6718.26

SECTION 1

1.1 Maturity

IssuerUnited Kingdom

SECTION 2

UK 6-MONTH BEARISH SIGNALS

Technicals:

+ The price decreased 0.01% in the last week and 0.1% in the last month.

SECTION 3

UK 6-MONTH BULLISH SIGNALS

3.1 Technicals:

+ In the last three months the bond has hit a new 52-week high thrice.

3.2 Oversold/Bullish/Support Signals:

+ The Relative Strength Index (RSI) of 21.6 has breached the oversold line of 30, suggesting the price decrease of 0.1% in the last 14 days is unusually high.

SECTION 4

PRICE VOLUME DYNAMICS

Technicals:

+ The UK 6-Month is at a discount of 0.1% to its 12-month high of GBP99.91 traded on August 10.

+ The present value of GBP1,000 (PV1000) invested one year ago in UK 6-Month is GBP1,000, for a capital loss of 37 GBP.

PV10001-week1-month1-year
uk-6-month.L1,0009991,000

SECTION 5

PERFORMANCE RANK

+ The 6-Month bond yield is ranked 10 out of 11 countries in the global sovereign bond index.

The table below shows today's 6-Month Bond Yield in %, current inflation rate in % and real rate of interest(%).

RankCountry6-Mo BondInflationReal Rate
1Kenya10.324.056.022
2Russia8.074.13.814
3Mexico7.185.821.285
4India6.22.993.117
5Pakistan6.014.781.174
6Indonesia5.124.170.917
7Philippines2.483.4-0.895
8Canada1.181.6-0.418
9Norway0.432.2-1.731
10United Kingdom0.412.3-1.849
11Hungary0.061.8-1.709

SECTION 6

MACROECONOMIC INDICATORS

IndicatorValueG20 RankGlobal Rank
GDP (USD Billion)2,86166
GDP growth yoy (%)2.1836
Interest rate (%)0.25620
Inflation rate (%)2.31236
Public debt (USD) (billion)2,795.71763
Public debt per person (USD)43,6961658
Total annual debt change (%)8.0837
Debt to GDP (%)89.31553
Budget Deficit to GDP (%)3.0834
CAD to GDP (%)4.41952
Unemployment rate (%)4.7721
Population (million)64.11219

SECTION 7

CREDIT RATING SUMMARY

United Kingdom:

Rating AgencyLong TermForeign CurrencyDescription
Moody'sAA1
S&PAAAExtremely strong capacity to meet financial commitments. Highest Rating.
FITCHAA+Very high credit quality: 'AA' ratings denote expectations of very low default risk. The plus (+) sign shows relative standing within the major rating category.
DAGONGA+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.

Source: www.BuySellSignals.com