United States Treasury 3-year bond

USA

United States Treasury 3-Year bond falls 0.1% from 14-day high [Implied Yield 2.684%] 17 August, 2018

NEWS BITES - BONDS

United States Treasury 3-Year bond, was down 0.1% from its 14-day high of $US100.23 on 17 August, 2018. Its Williams % R is -10.3 which suggests it is overbought, a bearish signal. Its Relative Strength Index [RSI] is 78.4. An RSI reading of between 70 and 100 suggests the bond is close to its 14-day high. This suggests the bond is overbought; another bearish signal. The bond price has decreased 1.0c (or 0.01%) from its last trading session of August 16, 2018 to close at $US100.16. The bond matures in 2 years and 11 months; its yield to maturity has (YTM) decreased by 0.9 basis point from 2.69% to 2.684%.

U.S. 3-Year1-day1-week1-month3-months1-year
Price Change %0.010.10.30.510.06
YTM change (%)0.330.070.452.5482.83

SECTION 1

1.1 Maturity

IssuerUnited States
Maturity DateJuly 15, 2021

SECTION 2

U.S. 3-YEAR BEARISH SIGNALS

2.1 Technicals:

+ The price decreased 0.1% in the last week.

2.2 Overbought/Bearish/Resistance Signals:

+ The Relative Strength Index (RSI) of 78.4 has penetrated the overbought line of 70, suggesting the price gain of 0.6% in the last 14 days is unusually high.

+ The bond is overbought according to the Williams % R indicator of -10.3, suggesting the price is close to its 14-day high of $US100.23.

+ The Stochastic indicator of 92.2 has broken through the overbought line of 80; this indicates the price is close to its 14-day high and is likely to revert to a downtrend.

2.3 Low Performance Indicator:

DescriptionValueRank In Market
Price Change %-0.01In Bottom Quartile

SECTION 3

U.S. 3-YEAR BULLISH SIGNALS

3.1 Technicals:

+ In the last three months the bond has hit a new 52-week high once.

3.2 High Performance Indicator:

DescriptionValueRank In Market
Volatility %0.1In Top Quartile

SECTION 4

PRICE VOLUME DYNAMICS

Technicals:

+ The U.S. 3-Year is at a discount of 0.5% to its 12-month high of $US100.61 traded on May 29.

+ It is at a premium of 1.2% 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 $US1,001, for a capital gain of 60c.

PV$10001-week1-month1-year
u.s.-3-year.N9991,0031,001

SECTION 5

PERFORMANCE RANK

+ The 3-Year bond yield is ranked 15 out of 25 countries in the global sovereign bond index.

The table below shows today's 3-Year Bond Yield in %, current inflation rate in % and real rate of interest(%).

RankCountry3-Yr BondInflationReal Rate
1Kenya11.594.057.244
2Brazil9.734.485.025
3Pakistan8.45.832.427
4Russia8.372.55.727
5South Africa8.014.63.255
6Mexico7.924.812.967
7India7.714.173.401
8Indonesia7.263.183.958
9Colombia5.763.122.558
10Philippines5.065.7-0.602
11Vietnam4.54.460.038
12Chile3.772.71.042
13Malaysia3.530.82.707
14China3.252.11.126
15United States2.682.9-0.21
16Canada2.152.5-0.34
17Australia2.022.1-0.079
18South Korea2.01.50.494
19Poland1.872.0-0.125
20Hungary1.821.80.02
21Italy1.781.50.275
22Czech Republic1.570.21.364
23United Kingdom0.752.5-1.704
24Israel0.581.4-0.805
25Bulgaria0.092.0-1.874

SECTION 6

MACROECONOMIC INDICATORS

IndicatorValue
GDP (USD Billion)19,391
GDP growth yoy (%)2.8
Interest rate (%)2.0
Inflation rate (%)2.9
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 (%)3.9
Population (million)321.1

SECTION 7

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