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%.

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.

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.

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.

Maturity

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:

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.

+ 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

CREDIT RATING SUMMARY

Australia:

Source: www.BuySellSignals.com

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-Year | 1-day | 1-week | 1-month | 3-months | 1-year |

Price Change % | 0.04 | 2.2 | 0.8 | 1.6 | 1.41 |

YTM change (%) | 3.12 | 19.71 | 6.76 | 31.82 | 48.13 |

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.

Day | Headline | YTM % | Close price [AUD] | Price change % | Comment |

Thursday | 10-Year bond rises in 4 out of last 5 days [Implied Yield falls to 0.929%] | 0.93 | 115.2 | 0.5 | Up 6.37% in the past week |

Wednesday | 10-Year bond YTM increases by 1.4 basis points | 0.94 | 114.65 | -0.7 | Price fall on slipping relative strength |

Tuesday | 10-Year bond rises for a third consecutive day, a three-day rise of 6.6% [Implied Yield rises to 0.921%] | 0.92 | 115.42 | 0.1 | Week-high of 115.42 |

Friday | Australia 10-Year inches higher, resistance at 12-day EMA [Implied Yield falls to 1.121%] | 1.12 | 112.69 | 4.1 | Top Rise |

Thursday | Australia 10-Year in 3rd consecutive fall, nears a 19-month low [Implied Yield falls to 1.26%] | 1.26 | 108.3 | -4.0 | Week-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.

Day | Headline | YTM % | Close price [AUD] | Price change % | Comment |

Friday | Inches higher, resistance at 12-day EMA [Implied Yield falls to 1.121%] | 1.12 | 112.69 | 4.1 | Top Rise |

Thursday | In 3rd consecutive fall, nears a 19-month low [Implied Yield falls to 1.26%] | 1.26 | 108.3 | -4.0 | Steepest 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.

Headline | YTM % | Close price [AUD] | Price change % |

2-Year bond YTM decreases by 2.7 basis points | 0.26 | 102.97 | 0.03 |

1-Year bond falls for a fourth consecutive day, a four-day fall of 0.1% [Implied Yield falls to 0.27%] | 0.27 | 106.14 | -0.02 |

3-Year bond YTM decreases by 2.2 basis points | 0.29 | 115.81 | 0.01 |

4-Year bond YTM decreases by 1.9 basis points | 0.37 | 109.53 | 0.1 |

5-Year bond falls for a second consecutive day, a two-day fall of 0.1% [Implied Yield rises to 0.467%] | 0.47 | 113.8 | -0.1 |

6-Year bond YTM increases by 0.2 basis points | 0.55 | 122.01 | 0.02 |

7-Year bond increases after finding support [Implied Yield rises to 0.658%] | 0.66 | 128.22 | 0.2 |

8-Year bond rises in 4 out of last 5 days [Implied Yield rises to 0.814%] | 0.81 | 111.45 | 0.5 |

9-Year bond rises in 4 out of last 5 days [Implied Yield falls to 0.883%] | 0.88 | 120.53 | 0.4 |

12-Year bond rises in 4 out of last 5 days [Implied Yield falls to 1.056%] | 1.06 | 102.61 | 0.6 |

15-Year bond increases 0.6%, jumps 6.6% for week [Implied Yield falls to 1.385%] | 1.39 | 119.35 | 0.6 |

Issuer | Australia |

Maturity Date | May 21, 2030 |

+ 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.

Description | Value | Rank In Sovereign Bond Market |

Price Change % | -0.04 | In Bottom Quartile |

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$1000 | 1-week | 1-month | 1-year |

Australia 10-Year.AU | 1,022 | 992 | 1,014 |

+ 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

Indicator | Value |

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 |

Australia:

Rating Agency | Long Term | Foreign Currency | Description |

Moody's | Aaa | ||

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. |

Source: www.BuySellSignals.com