NEWS BITES - BONDS
Canada Treasury 3-Month bond closed unchanged at CAD99.96. The bond matures in 3 months; its Yield to Maturity (YTM) has decreased by 0.3 basis points from 0.15% to 0.145%.
|Price Change %||0.004||0.01||0.41|
|YTM change (%)||2.03||2.68||7.05||24.87||91.1|
TOP RISE AND STEEPEST FALL IN THE PAST MONTH
Yield-to-maturity was unchanged at 0.15% in the past month.
|Day||Headline||YTM %||Close price [CAD]||Price change %||Comment|
|Tuesday||3-Month bond drops to one-month low [Implied Yield rises to 0.15%]||0.15||99.96||-0.002||Steepest Fall|
|Monday||3-Month bond hits three-month high [Implied Yield falls to 0.146%]||0.15||99.96||0.004||Top Rise|
CANADA TREASURY - OTHER MATURITIES
Yield-to-maturity varies between a low of 0.15% for the 2-Month bond to 1.09% for the 30-Year bond.
|Headline||YTM %||Close price [CAD]||Price change %|
|2-Month bond unchanged [Implied Yield rises to 0.148%]||0.15||99.98||0|
|6-Month bond unchanged [Implied Yield 0.176%]||0.18||99.91||0|
|1-Year bond YTM increases by 0.5 basis points||0.22||99.77||-0.01|
|2-Year bond YTM decreases by 0.1 basis points||0.26||99.96||0.003|
|3-Year bond falls for a third consecutive day, a three-day fall of 0.04% [Implied Yield rises to 0.272%]||0.27||105.06||-0.02|
|4-Year bond falls for a fifth consecutive day, a five-day fall of 3.3% [Implied Yield rises to 0.305%]||0.30||104.67||-0.02|
|7-Year bond falls for a second consecutive day, a two-day fall of 0.1% [Implied Yield rises to 0.349%]||0.35||106.47||-0.02|
|5-Year bond falls for a fourth consecutive day, a four-day fall of 0.1% [Implied Yield rises to 0.366%]||0.37||100.65||-0.01|
|10-Year bond falls for a third consecutive day, a three-day fall of 0.2% [Implied Yield rises to 0.573%]||0.57||106.37||-0.2|
|20-Year bond YTM decreases by 0.2 basis points||0.83||164.7||0.3|
|30-Year inches higher, resistance at 12-day EMA [Implied Yield falls to 1.095%]||1.09||123.9||0.5|
SECTION 1 CANADA 3-MONTH BULLISH SIGNALS
+ In the last three months the bond has hit a new 52-week high once.
SECTION 2 PRICE VOLUME DYNAMICS
+ The Canada 3-Month is at a discount of 0.02% to its 12-month high of CAD99.98 traded on August 27.
+ It is at a premium of 0.4% to its 12-month low of CAD99.53 traded on December 23, 2019.
+ The present value of CAD1,000 (PV1000) invested one year ago in Canada 3-Month is CAD1,004, for a capital gain of CAD4.
SECTION 3 PERFORMANCE RANK
+ The 3-Month bond yield is ranked 12 out of 13 countries in the global sovereign bond index.
The table below shows today's 3-Month Bond Yield in %, current inflation rate in % and real rate of interest(%).
|Rank||Country||3-Mo Bond||Inflation||Real Rate|
SECTION 4 MACROECONOMIC INDICATORS: CANADA
|GDP (USD Billion)||1,736|
|GDP growth yoy (%)||(-13.0)|
|Interest rate (%)||0.25|
|Inflation rate (%)||0.1|
|Public debt (USD) (billion)||1,719|
|Public debt per person (USD)||48,478|
|Total annual debt change (%)||4.0|
|Debt to GDP (%)||89.7|
|Budget Deficit to GDP (%)||1.5|
|CAD to GDP (%)||2.1|
|Unemployment rate (%)||10.2|
SECTION 5 CREDIT RATING SUMMARY
|Rating Agency||Long Term||Foreign Currency||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.|
|DAGONG||AA+||"AA" ratings denote expectations of very low default risk. It indicates that the issuer has a very strong capacity for payment of financial commitments. Although due to its relatively higher long-term risk, this capacity is not significantly vulnerable to any foreseeable event. The plus (+) sign shows relative standing within the major rating category.|