United Kingdom Treasury 6-month bond
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%.
|Price Change %||0.01||0.01||0.1||0.07||0.04|
|YTM change (%)||3.82||4.08||67.21||51.67||18.26|
UK 6-MONTH BEARISH SIGNALS
+ The price decreased 0.01% in the last week and 0.1% in the last month.
UK 6-MONTH BULLISH SIGNALS
+ 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.
PRICE VOLUME DYNAMICS
+ 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.
+ 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(%).
|Rank||Country||6-Mo 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.|