Canada 10-Year Bond Yield
Canada 10-Year Bond Yield closed down by -5.79% to 1.22 on 23 January 2021 and +-14.14% on a weekly basis. Canada 10-Year Bond Yield momentum was last calculated at -50.0/100 indicating negative momentum. Canada 10-Year Bond Yield trend is -25.0/100 indicating a negative trend. Canada 10-Year Bond Yield momentum exhaustion is -0.24481 indicating Canada 10-Year Bond Yield is oversold.Canada 10-Year Bond Yield RSI is 42.0376 .
Canada 10-Year Bond Yield Chart
Canada 10-Year Bond Yield Statistics
MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Canada 10-Year Bond Yield. Click here to explore the financial factors monitored and their current signals.
Click here to explore the methodology used for estimating the Canada 10-Year Bond Yield trading signals presented in the Canada 10-Year Bond Yield statistics table.
Canada 10-Year Bond Yield closed at 1.22 on 23 January 2021. Canada 10-Year Bond Yield trend was last calculated at -25.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Canada 10-Year Bond Yield momentum was last calculated at -50.0/100 (range: -100 to +100) indicating negative momentum. Canada 10-Year Bond Yield momentum exhaustion is -0.24481 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Canada 10-Year Bond Yield is oversold and a possible reversal is imminent. Canada 10-Year Bond Yield RSI was last calculated at 42.0376. Canada 10-Year Bond Yield moving averages were last recorded as follows: 1-month moving average: 0.73035 in a downtrend , 1-quarter moving average: 0.6802 in an uptrend and 1-year moving average: 0.74692 in a downtrend. Canada 10-Year Bond Yield annual return was last recorded at None%, daily return was last recorded at -5.79%, and weekly return was last recorded at -14.14%. Canada 10-Year Bond Yield histrorical 20-day volatility was last recorded at 46.2657%, Canada 10-Year Bond Yield alpha None, Canada 10-Year Bond Yield beta None and Canada 10-Year Bond Yield maximum drawdown was recorded at None%. MacroVar models monitor Canada 10-Year Bond Yield statistics based on historical data since 1970.
Canada 10-Year Bond Yield News
Canada 10-Year Bond Yield Factors
Canada 10-Year Bond Yield
|Canadian Dollar US Dollar (CAD/USD)||CADUSD||1.26||-1||-1||-1.6968||36.9602||0.73||2.37||2.32||-0.02377|
|Canada 10-Year Bond Yield||CA.10Y||1.22||-0.5||-0.25||-0.24481||42.0376||-5.79||-14.14||-20.31||-0.55997|
|Canada 5-Year Bond Yield||CA.5Y||0.81||-0.5||-0.5||-0.54129||34.4957||-11.09||-14.74||-14.74||-0.7685|
|Canada 2-year bond yield||CA.2Y||0.48||-1||-1||-0.68963||31.5507||5.49||11.63||47.69||-0.87739|
|Canada Yield Curve||CA.YC||0.75||0||0.75||1.33408||52.2334||-10.71||-24.32||-37.81||-6.34831|
|Canada Credit Default Swaps||CDS.Canada||37.8||-0.5||0.5||1.80113||61.3233||0||0||-0.26||0.10909|
Canada Economic Indicators
|balance of trade||-1390||462||-4.00866||-0.22902||1.0||1.0||0.45||2021-05-31|
|bank lending rate||2.45||2.45||0||-0.379747||-1.0||-1.0||0.025||2020-05-30|
|banks balance sheet||7096120||7053360||0.00606236||0.1325||1.0||1.0||0.916667||2020-09-30|
|central bank balance sheet||476713||476164||0.00115296||0.0134614||-1.0||1.0||0.0166667||2021-05-31|
|consumer price index cpi||141||140.3||0.00498931||0.0360029||1.0||1.0||1||2021-05-31|
|core inflation rate||2.8||2.3||0.217391||3||1.0||1.0||1||2021-05-31|
|current account to gdp||-1.9||-2.1||-0.0952381||-5.75||1.0||-1.0||0||2019-02-28|
|deposit interest rate||0.16||0.16||0||0.333333||1.0||1.0||0.716667||2021-05-28|
|foreign direct investment||19620||2482||6.90492||0.19503||1.0||1.0||0.6||2021-01-01|
|foreign exchange reserves||89053||89205||-0.00170394||0.020349||1.0||1.0||0.483333||2021-06-30|
|gdp growth annual||0.3||-3.2||-1.09375||-0.884615||1.0||-1.0||0.266667||2021-01-01|
|gdp growth annualized||5.6||9.3||-0.397849||1.15385||1.0||1.0||0.85||2021-01-01|
|government debt to gdp||117.8||86.8||0.357143||0.732353||1.0||1.0||0||2020-01-31|
|industrial production mom||0.7||-1.5||-1.46667||-1.12963||1.0||1.0||0.5||2021-03-31|
|loans to private sector||456553||470238||-0.0291023||-0.152413||-1.0||-1.0||0.0166667||2021-04-30|
|money supply m0||496802||494586||0.00448052||3.77754||1.0||1.0||0.983333||2021-03-31|
|money supply m1||1500000||1460600||0.0269752||0.264734||1.0||1.0||0.866667||2021-04-30|
|money supply m2||2199730||2182620||0.0078392||0.14678||1.0||1.0||0.833333||2021-04-30|
|money supply m3||2944240||2966080||-0.00736325||0.0452577||1.0||1.0||0.233333||2021-04-30|
|Producer Price Index||113.9||114.4||-0.00437063||0.162245||1.0||1.0||0.983333||2021-06-30|
|retail sales MoM||-5.7||3.6||-2.58333||-0.770161||-1.0||1.0||0.666667||2021-04-30|
|retail sales ex autos||-7.2||4.3||-2.67442||-0.652174||-1.0||1.0||0.666667||2021-04-30|
|youth unemployment rate||13.6||15.9||-0.144654||-0.50365||-1.0||-1.0||0.0166667||2021-06-30|
Canada 10-Year Bond Yield Trading Signals
MacroVar estimates the following signals: Canada 10-Year Bond Yield momentum, Canada 10-Year Bond Yield trend, Canada 10-Year Bond Yield oscillator, Canada 10-Year Bond Yield RSI and Canada 10-Year Bond Yield returns.
Canada 10-Year Bond Yield MomentumMomentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.
MacroVarCanada 10-Year Bond Yield momentum signal ranges from -100 to +100. The Canada 10-Year Bond Yield momentum signal is derived as the mean value from 4 calculations for the Canada 10-Year Bond Yield. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Canada 10-Year Bond Yield return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Canada 10-Year Bond Yield momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Canada 10-Year Bond Yield momentum signal moves from positive to negative value or vice-versa.
Canada 10-Year Bond Yield trendCanada 10-Year Bond Yield trend signal ranges from -100 to +100. Canada 10-Year Bond Yield trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Canada 10-Year Bond Yield Closing price vs Canada 10-Year Bond Yield moving average (MA) calculation: If Canada 10-Year Bond Yield is greater than Canada 10-Year Bond Yield MA value is +1, else -1, 2. Canada 10-Year Bond Yield Moving average slope calculation: if current Canada 10-Year Bond Yield moving average is higher than the previous MA, Canada 10-Year Bond Yield upward slope +1, else -1
Canada 10-Year Bond Yield trend model can be used as a trend strength indicator. Canada 10-Year Bond Yield trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Canada 10-Year Bond Yield trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Canada 10-Year Bond Yield 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Canada 10-Year Bond Yield is in an uptrend when Canada 10-Year Bond Yield price is higher than the 52-week moving average and the Canada 10-Year Bond Yield 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Canada 10-Year Bond Yield oscillator and Canada 10-Year Bond Yield RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Canada 10-Year Bond Yield oscillatorThe Canada 10-Year Bond Yield oscillator estimated by MacroVar is the z-score of the current Canada 10-Year Bond Yield price versus Canada 10-Year Bond Yield 1-year simple moving average price. The formula for the Canada 10-Year Bond Yield oscillator is:
Canada 10-Year Bond Yield oscillator = (Current Price – 250 trading days Canada 10-Year Bond Yield simple moving average price) / (250 days Canada 10-Year Bond Yield price standard deviation)
Canada 10-Year Bond Yield oversold conditions
Canada 10-Year Bond Yield is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Canada 10-Year Bond Yield is oversold it is often due for a rebound. Values of the Canada 10-Year Bond Yield oscillator lower than -2.5 signify oversold conditions. It must be noted that the Canada 10-Year Bond Yield oscillator must be analyzed ibn conjunction with the rest of Canada 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Canada 10-Year Bond Yield RSI.
Canada 10-Year Bond Yield overbought conditions
Canada 10-Year Bond Yield is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Canada 10-Year Bond Yield is overbought it is often due for a correction. Values of the Canada 10-Year Bond Yield oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Canada 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.
Canada 10-Year Bond Yield RSI indicatorThe RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Canada 10-Year Bond Yield is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Canada 10-Year Bond Yield uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.
Canada 10-Year Bond Yield returnsMacroVar calculates Canada 10-Year Bond Yield returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Canada 10-Year Bond Yield returns = (Canada 10-Year Bond Yield Closing Price – Canada 10-Year Bond Yield Previous Price)/(Canada 10-Year Bond Yield Previous Price)