United Kingdom Treasury 6-month bond

UK

United Kingdom Treasury 6-Month bond drops to three-month low [Implied Yield 0.279%] 23 June, 2017

NEWS BITES - BONDS

United Kingdom Treasury 6-Month bond traded at its 87-day low of GBP99.86. The bond fell for a second day on Friday bringing its two-day fall to 3.10 GBX or 0.03%. The bond price has decreased 0.80 GBX (or 0.01%) from its last trading session of June 22, 2017 to close at GBP99.86. The yield to maturity has (YTM) increased by 1.7 basis points from 0.26% to 0.279%.

UK 6-Month1-day1-week1-month3-months1-year
Price Change %0.010.020.04-0.0030.11
YTM change (%)6.4920.7836.762.5744.31

SECTION 1

1.1 Maturity

IssuerUnited Kingdom

SECTION 2

UK 6-MONTH BEARISH SIGNALS

2.1 Technicals:

+ The price decreased 0.02% in the last week and 0.04% in the last month.

2.2 Low Performance Indicator:

DescriptionValueRank In Market
Price/MAP501.0In Bottom Quartile

SECTION 3

UK 6-MONTH BULLISH SIGNALS

3.1 Technicals:

+ In the last three months the bond has hit a new 52-week high eight times, pointing to a significant uptrend.

3.2 Oversold/Bullish/Support Signals:

+ At GBP99.86 the price is below the lower Bollinger band support of GBP99.87, indicating an upside for it to return to the band.

SECTION 4

PRICE VOLUME DYNAMICS

Technicals:

+ The UK 6-Month is at a discount of 0.04% to its 12-month high of GBP99.90 traded on May 30.

+ It is at a premium of 0.1% to its 12-month low of GBP99.75 traded on June 24, 2016.

+ The present value of GBP1,000 (PV1000) invested one year ago in UK 6-Month is GBP1,001, for a capital gain of GBP1.

PV10001-week1-month1-year
uk-6-month.L1,0001,0001,001

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
1Kenya10.314.056.02
2Russia8.764.14.476
3Mexico7.015.821.125
4India6.32.993.214
5Pakistan6.014.781.174
6Indonesia5.654.171.421
7Philippines2.33.4-1.068
8Canada0.631.6-0.955
9Norway0.372.2-1.792
10United Kingdom0.282.3-1.976
11Hungary0.151.8-1.621

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