United Kingdom Treasury 6-month bond
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%.
|Price Change %||0.01||0.02||0.04||-0.003||0.11|
|YTM change (%)||6.49||20.78||36.76||2.57||44.31|
UK 6-MONTH BEARISH SIGNALS
+ The price decreased 0.02% in the last week and 0.04% in the last month.
2.2 Low Performance Indicator:
|Description||Value||Rank In Market|
|Price/MAP50||1.0||In Bottom Quartile|
UK 6-MONTH BULLISH SIGNALS
+ 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.
PRICE VOLUME DYNAMICS
+ 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.
+ 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.|