State Bank of India 1-year bond YTM rises for a fourth consecutive day, a four-day rise of 2.8 basis points [Implied Yield rises to 0.33%] 02 July 2020

NEWS BITES - BONDS

State Bank of India bond (CUSIP: 8562843J1) price, has fallen 4.60c (or 0.04%) to close at USD103.38. The bond fell for a fourth consecutive day on Thursday bringing its four-day fall to 8.04c or 0.1%. The bond matures in 1 year and 5 months; its yield to maturity (YTM) has increased by 2.8 basis points from 0.3% four days ago to 0.33%.

THE PAST WEEK

Snapshot: State Bank of India bond was up 2.57c or 0.02% in the past week. Yield to maturity rose 21.0 basis points from 0.12% a week ago to 0.33%.

DayHeadlineYTM % (CUSIP)Close price [USD]Price change %Comment
Monday, 29 JuneBond YTM jumps by 0.8 basis point0.13 (856284N59)100.61-0.03Steepest Fall
Tuesday, 30 June1-year bond YTM rises for a second consecutive day, a two-day rise of 0.4 basis points [Implied Yield rises to 0.3%]0.3 (8562842X1)103.31-0.01Price fall on falling relative strength
Wednesday, 01 July1-year bond YTM tumbles by 2.5 basis points0.27 (8562842J2)102.950.02Top Rise
Friday, 26 June1-year bond YTM drops by 1.0 basis points0.29 (8562842J2)102.95-0.01
Thursday, 25 JuneBond decreases [Implied Yield 0.12%]0.12 (856284N59)100.64-0.01Falls for a fourth consecutive day

INDEX

SECTION 1 ISSUE DETAILS

SECTION 2 RELATIVE VALUATION INDICATORS [RVI] TECHNICALS: STATE BANK OF INDIA 2021 BONDS

SECTION 3 KEY STATISTICS OF OTHER STATE BANK OF INDIA BONDS

SECTION 1 ISSUE DETAILS

CUSIP: 8562843J1

1.1 Maturity & Coupon details

IssuerState Bank of India
Maturity DateDecember 06, 2021

1.2 Price change % & YTM

Yield to maturity has decreased by 200 basis points from a year ago to 0.33%.

1-day1-week1-month3-months1-year
Price Change %-0.1-0.10.92.5
YTM change Basis Points33-3-88-200
Spread to Treasuries %0.170.140.191.050.36

SECTION 2 RELATIVE VALUATION INDICATORS [RVI] TECHNICALS: STATE BANK OF INDIA 2021 BONDS

2.1 Price Downtrend (or Yield Uptrend)

+ In the global market of 4,545 corporate bonds traded today, the bond's relative price strength percentile is falling at 73 for 6 months, 43 for 3 months and 34 for 1 month.

+ Falls to Rises in the past month: the number of daily price falls/yield increases outnumbered rises 15:3 or 5:1. The bond traded in 18 of the trading days.

2.2 Price Dynamics

+ The price decreased 0.1% in the last week and 0.1% in the last month.

+ The present value of USD1,000 (PV$1000) invested one year ago in State Bank of India 2021 Bonds is USD1,025, for a capital gain of USD25. The total return to investors for 1 year is 2.5%.

PV$10001-week1-month1-year
SBINY.NUSD999USD999USD1,025

SECTION 3 KEY STATISTICS OF OTHER STATE BANK OF INDIA BONDS

3.1 Maturity and YTM

MaturityYield to maturity %Yrs to Maturity
Jul to Dec 20200.09 to 0.120.07 to 0.43
Sep to Dec 20210.29 to 0.331.23 to 1.45

3.2 State Bank of India Corporate Bonds Maturing in Upcoming Quarter

CUSIPDays to MatureLast PriceYield %YTM Chng 3 Mo (bps)
856284N5984100.590.137-84

ISIN: US8562843J17

CUSIP: 8562843J1

Source: www.BuySellSignals.com