United States Treasury 3-year bond

USA

[Implied Yield 2.619%] 20 April, 2018

NEWS BITES - BONDS

The bond matures in 2 years and 11 months; its yield to maturity has (YTM) increased by 3.1 basis points from 2.59% to 2.619%.

U.S. 3-Year1-day1-week1-month3-months1-year
Price Change %0.20.40.010.88
YTM change (%)1.24.764.9718.9986.27

SECTION 1

1.1 Maturity

IssuerUnited States
Maturity DateMarch 15, 2021

SECTION 2

U.S. 3-YEAR BEARISH SIGNALS

Technicals:

+ The price decreased 0.2% in the last week and 0.4% in the last month.

+ In the last three months the bond has hit a new 52-week low twice.

SECTION 3

U.S. 3-YEAR BULLISH SIGNALS

Technicals:

Oversold/Bullish/Support Signals:

+ The Relative Strength Index (RSI) of 11.8 has breached the oversold line of 30, suggesting the price decrease of 0.5% in the last 14 days is unusually high.

+ The bond is oversold according to the Williams % R indicator of -86.2, suggesting the price is close to its 14-day low of $US99.30.

+ The Stochastic indicator of 8.5 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. 3-Year is at a discount of 1.0% to its 12-month high of $US100.42 traded on September 08, 2017.

+ It is at a premium of 0.4% to its 12-month low of $US98.97 traded on February 02.

+ The present value of $US1,000 (PV1000) invested one year ago in U.S. 3-Year is $US991, for a capital loss of $US9.

PV$10001-week1-month1-year
u.s.-3-year.N998996991

SECTION 5

MACROECONOMIC INDICATORS

IndicatorValue
GDP (USD Billion)18,624
GDP growth yoy (%)2.6
Interest rate (%)1.75
Inflation rate (%)2.4
Public debt (USD) (billion)15,531.7
Public debt per person (USD)48,713
Total annual debt change (%)10.3
Debt to GDP (%)105.4
Budget Deficit to GDP (%)3.5
CAD to GDP (%)2.4
Unemployment rate (%)4.1
Population (million)321.1

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