NEWS BITES - BONDS
Germany Treasury 3-Month bond, has fallen 0.20c (or 0.002%) to close at EUR100.11. The bond fell for a fifth consecutive day on Wednesday.
|Price Change %||0.01||0.03||0.02||0.1|
GERMANY TREASURY - OTHER MATURITIES
|Headline||YTM %||Close price [EUR]||Price change %|
|30-Year bond YTM increases by 2.4 basis points||0.19||94.51||-0.9|
SECTION 1 GERMANY 3-MONTH BEARISH SIGNALS
+ The price decreased 0.01% in the past week and 0.03% in the past month.
+ Falls to Rises in the past month: the number of falls outnumbered rises 16:3 or 5.3:1. The bond traded in 19 of the 21 trading days.
SECTION 2 GERMANY 3-MONTH BULLISH SIGNALS
2.1 Price Dynamics:
+ The bond is oversold according to the Williams % R indicator of -96.5, suggesting the price is close to its 14-day low of EUR100.11.
2.2 High Performance Indicator:
|Description||Value||Rank In Sovereign Bond Market|
|Volatility %||0.01||In Top 5%|
SECTION 3 PRICE VOLUME DYNAMICS
+ The Germany 3-Month is at a discount of 0.1% to its 12-month high of EUR100.25 traded on March 12, 2020.
+ It is at a premium of 0.04% to its 12-month low of EUR100.07 traded on October 26, 2020.
+ The present value of EUR1,000 (PV1000) invested one year ago in Germany 3-Month is EUR999, for a capital loss of EUR1.
SECTION 4 ONGOING BEARISH PARAMETERS
4.1 Thinly traded stock: Days Untraded
Past four years, 12 months ended Feb 24
Liquidity has deteriorated from 7 Days Untraded four years ago to 14 days in the past year.
SECTION 5 MACROECONOMIC INDICATORS: GERMANY
|GDP (USD Billion)||3,846|
|GDP growth yoy (%)||(-3.9)|
|Interest rate (%)||0.05|
|Inflation rate (%)||1.0|
|Public debt (USD) (billion)||2,792.9|
|Public debt per person (USD)||34,200|
|Debt to GDP (%)||59.8|
|Budget Deficit to GDP (%)||4.8|
|Current account Surplus to GDP (%)||7.1|
|Unemployment rate (%)||4.6|
SECTION 6 CREDIT RATING SUMMARY
|Rating Agency||Long Term||Description|
|S&P||AAA||Extremely strong capacity to meet financial commitments. Highest Rating.|
|FITCH||AAA||Highest credit quality: 'AAA' ratings denote the lowest expectation of default risk. This capacity is highly unlikely to be adversely affected by foreseeable events.|