United States Treasury 10-year bond

USA

[Implied Yield 2.661%] 19 January, 2018

NEWS BITES - BONDS

The bond matures in 8 years and 10 months; its yield to maturity has (YTM) increased by 3.2 basis points from 2.63% to 2.661%.

U.S. 10-Year1-day1-week1-month3-months1-year
Price Change %1.32.510.91
YTM change (%)1.224.68.6112.717.95

SECTION 1

1.1 Maturity

IssuerUnited States
Maturity DateNovember 15, 2026

SECTION 2

U.S. 10-YEAR BEARISH SIGNALS

2.1 Technicals:

+ The present value of USD1,000 (PV1000) invested three years ago in U.S. Treasury 10-Year is $US929, for a capital loss of $US71.

+ 3 years Multiplier in USD = 0.929x

+ Compound Annual Growth Rate (CAGR) in USD = -2.4%

2.2 Low Performance Indicator:

DescriptionValueRank In Market
Price/MAP500.98In Bottom Quartile

SECTION 3

U.S. 10-YEAR BULLISH SIGNALS

Technicals:

Oversold/Bullish/Support Signals:

+ The Relative Strength Index (RSI) of 17.0 has breached the oversold line of 30, suggesting the price decrease of 1.7% in the last 14 days is unusually high.

+ The Stochastic indicator of 9.5 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.

SECTION 4

PRICE VOLUME DYNAMICS

Technicals:

+ The U.S. 10-Year is at a discount of 5.2% to its 12-month high of $US102.22 traded on June 14, 2017.

+ It is at a premium of 1.5% to its 12-month low of $US95.42 traded on January 27, 2017.

+ The present value of $US1,000 (PV1000) invested one year ago in U.S. 10-Year is $US1,009, for a capital gain of $US9.

PV$10001-week1-year
u.s.-10-year.N9871,009

SECTION 5

MACROECONOMIC INDICATORS

IndicatorValueG20 RankGlobal Rank
GDP (USD Billion)18,62411
GDP growth yoy (%)2.31141
Interest rate (%)1.5826
Inflation rate (%)2.11032
Public debt (USD) (billion)15,531.71965
Public debt per person (USD)48,7131861
Total annual debt change (%)10.31251
Debt to GDP (%)106.11859
Budget Deficit to GDP (%)3.51340
CAD to GDP (%)2.61243
Unemployment rate (%)4.1717
Population (million)321.133

SECTION 6

CREDIT RATING SUMMARY

United States:

Rating AgencyLong TermForeign CurrencyDescription
MOODYAaa
S&PAA+Very strong capacity to meet financial commitments. The plus (+) sign shows relative standing within the major rating category.
FITCHAAA Highest credit quality: 'AAA' ratings denote the lowest expectation of default risk. This capacity is highly unlikely to be adversely affected by foreseeable events.
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 minus (-) sign shows relative standing within the major rating category.

Source: www.BuySellSignals.com