27 March, 2020 (16:00:00 EST)

Australia Treasury 10-Year bond YTM decreases by 2.9 basis points


Australia Treasury 10-Year bond has decreased 4.60c (or 0.04%) from its last trading session of March 26, 2020 to close at $A115.16. The bond matures in 10 years and 2 months; its Yield to Maturity (YTM) has decreased by 2.9 basis points from 0.93% to 0.9%.
Australia 10-Year1-day1-week1-month3-months1-year
Price Change %0.042.20.81.61.41
YTM change (%)3.1219.716.7631.8248.13

THE PAST WEEK
Australia 10-Year bond was up $A1.24 or 1.1% in the past week. Yield to maturity dropped 33.0 basis points from 1.26% a week ago to 0.93%. The price ranged between a low of 108.3 on Thursday, Mar 19 and a high of 115.42 on Tuesday, Mar 24.
DayHeadlineYTM %Close price [AUD]Price change %Comment
Thursday10-Year bond rises in 4 out of last 5 days [Implied Yield falls to 0.929%]0.93115.20.5Up 6.37% in the past week
Wednesday10-Year bond YTM increases by 1.4 basis points0.94114.65-0.7Price fall on slipping relative strength
Tuesday10-Year bond rises for a third consecutive day, a three-day rise of 6.6% [Implied Yield rises to 0.921%]0.92115.420.1Week-high of 115.42
FridayAustralia 10-Year inches higher, resistance at 12-day EMA [Implied Yield falls to 1.121%]1.12112.694.1Top Rise
ThursdayAustralia 10-Year in 3rd consecutive fall, nears a 19-month low [Implied Yield falls to 1.26%]1.26108.3-4.0Week-low of 108.3
Steepest Fall

TOP RISE AND STEEPEST FALL IN THE PAST MONTH
Yield-to-maturity fluctuated between a low of 1.12% and a high of 1.26% in the past month.
DayHeadlineYTM %Close price [AUD]Price change %Comment
FridayInches higher, resistance at 12-day EMA [Implied Yield falls to 1.121%]1.12112.694.1Top Rise
ThursdayIn 3rd consecutive fall, nears a 19-month low [Implied Yield falls to 1.26%]1.26108.3-4.0Steepest Fall

AUSTRALIA TREASURY - OTHER MATURITIES
Yield-to-maturity varies between a low of 0.26% for the 2-Year bond to 1.39% for the 15-Year bond.
HeadlineYTM %Close price [AUD]Price change %
2-Year bond YTM decreases by 2.7 basis points0.26102.970.03
1-Year bond falls for a fourth consecutive day, a four-day fall of 0.1% [Implied Yield falls to 0.27%]0.27106.14-0.02
3-Year bond YTM decreases by 2.2 basis points0.29115.810.01
4-Year bond YTM decreases by 1.9 basis points0.37109.530.1
5-Year bond falls for a second consecutive day, a two-day fall of 0.1% [Implied Yield rises to 0.467%]0.47113.8-0.1
6-Year bond YTM increases by 0.2 basis points0.55122.010.02
7-Year bond increases after finding support [Implied Yield rises to 0.658%]0.66128.220.2
8-Year bond rises in 4 out of last 5 days [Implied Yield rises to 0.814%]0.81111.450.5
9-Year bond rises in 4 out of last 5 days [Implied Yield falls to 0.883%]0.88120.530.4
12-Year bond rises in 4 out of last 5 days [Implied Yield falls to 1.056%]1.06102.610.6
15-Year bond increases 0.6%, jumps 6.6% for week [Implied Yield falls to 1.385%]1.39119.350.6



Maturity
IssuerAustralia
Maturity DateMay 21, 2030

AUSTRALIA 10-YEAR BEARISH SIGNALS

Price Dynamics:
+ The price decreased 0.8% in the past month.
+ In the last three months the bond has hit a new 52-week low twice.
+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 114.74 minus the 26-day EMA of 115.03 is negative 0.29 suggesting a bearish signal.

Low Performance Indicator:
DescriptionValueRank In Sovereign Bond Market
Price Change %-0.04In Bottom Quartile

PRICE VOLUME DYNAMICS

Price Dynamics:
+ Australia 10-Year bond is at a discount of 5.8% to its 12-month high of $A122.23 on August 16, 2019. It is also at a premium of 6.7% to the 12-month low of $A107.95 on March 19.
+ The present value of $A1,000 (PV1000) invested one year ago in Australia 10-Year is $A1,014, for a capital gain of $A14.
PV$10001-week1-month1-year
Australia 10-Year.AU1,0229921,014
+ The present value of AUD1,000 (PV1000) invested five years ago in Australia Treasury 10-Year is $A1,064, for a capital gain of $A64.
+ 5 years Multiplier in AUD = 1.064x
+ Compound Annual Growth Rate (CAGR) in AUD = 1.2%
Present Value of USD1,000 invested 5 years ago:
+ The present value of USD1,000 (PV1000) invested five years ago in Australia Treasury 10-Year is $US731, for a capital loss of $US269.
+ 5 years ago AUD 1 equalled USD 0.8876
+ 5 years Multiplier in USD = 0.731x
+ Compound Annual Growth Rate (CAGR) in USD = -6.1%
Mar 27, 2020: AUD 1 equals USD 0.6103

MACROECONOMIC INDICATORS: AUSTRALIA

IndicatorValue
GDP (USD Billion)1,450
GDP growth yoy (%)2.2
Interest rate (%)0.5
Inflation rate (%)1.8
Public debt (USD) (billion)400.9
Public debt per person (USD)16,819
Total annual debt change (%)0.5
Debt to GDP (%)40.7
Budget Deficit to GDP (%)0.6
CAD to GDP (%)1.5
Unemployment rate (%)5.3
Population (million)23.9

CREDIT RATING SUMMARY
Australia:
Rating AgencyLong TermForeign CurrencyDescription
Moody'sAaa  
S&PAAA Extremely strong capacity to meet financial commitments. Highest Rating.
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.
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.


Source: www.BuySellSignals.com