United Kingdom Treasury 6-month bond
United Kingdom Treasury 6-Month bond rises for a third consecutive day, a three-day rise of 0.03% [Implied Yield 0.599%] 20 April, 2018
NEWS BITES - BONDS
United Kingdom Treasury 6-Month bond, has risen 1.90 GBX (or 0.02%) for a third consecutive day on Friday bringing its three-day rise to 2.50 GBX or 0.03%. The bond last traded at GBP99.71. The bond matures in 5 months; its yield to maturity has (YTM) decreased by 3.5 basis points from 0.63% to 0.599%.
|Price Change %||0.02||0.01||0.04||0.08||0.19|
|YTM change (%)||5.52||2.57||17.45||36.76||195.07|
|Maturity Date||September 24, 2018|
UK 6-MONTH BULLISH SIGNALS
+ The Stochastic indicator of 15.1 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.
UK 6-MONTH BEARISH SIGNALS
+ The price decreased 0.01% in the last week and 0.04% in the last month.
+ In the last three months the bond has hit a new 52-week low fourteen times, pointing to a significant downtrend.
PRICE VOLUME DYNAMICS
+ The UK 6-Month is at a discount of 0.2% to its 12-month high of GBP99.91 traded on August 10, 2017.
+ It is at a premium of 0.03% to its 12-month low of GBP99.68 traded on April 18.
+ The present value of GBP1,000 (PV1000) invested one year ago in UK 6-Month is GBP998, for a capital loss of GBP2.
+ 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|
|GDP (USD Billion)||2,648|
|GDP growth yoy (%)||1.4|
|Interest rate (%)||0.5|
|Inflation rate (%)||2.7|
|Public debt (USD) (billion)||2,795.7|
|Public debt per person (USD)||43,696|
|Total annual debt change (%)||8.0|
|Debt to GDP (%)||88.3|
|Budget Deficit to GDP (%)||2.9|
|CAD to GDP (%)||4.1|
|Unemployment rate (%)||4.3|
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.|