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

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.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
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 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

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Canada PMI vs 10Y CA.FACT.10YPMI 0.637 60.0253 -1.61828
Canada 10Y vs FX CA.FACT.FX10Y 0.675 15.775 0.698

Canada Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
S&P/TSX Composite TSE 20110 0 0.75 1.04503 53.0961 -0.18 -0.45 4.9 0.02168
Canada ETF EWC 36.75 1 1 1.46073 64.0678 -0.46 -2.23 3.84 0.05137
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

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
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
building permits 11107200 11162400 -0.00494517 0.801996 1.0 1.0 1 2021-04-30
business confidence 71.9 64.7 0.111283 0.235395 1.0 1.0 0.933333 2021-06-30
capacity utilization 81.7 79.7 0.0250941 -0.0203837 1.0 -1.0 0.366667 2021-01-31
capital flows -38 -48 -0.208333 1.71429 1.0 -1.0 0.766667 2021-01-01
car registrations 151912 166709 -0.0887595 0.39148 1.0 1.0 0.966667 2021-05-31
central bank balance sheet 476713 476164 0.00115296 0.0134614 -1.0 1.0 0.0166667 2021-05-31
consumer confidence 55.7 51.49 0.0817634 0.263325 1.0 1.0 0.966667 2021-07-31
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 1180 -7261 -1.16251 -1.08033 1.0 1.0 0.216667 2021-01-01
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
exports 49530 50333.4 -0.0159616 0.456542 1.0 1.0 0.983333 2021-05-31
external debt 3036230 3147440 -0.0353335 0.211401 1.0 1.0 0.3 2021-01-31
fiscal expenditure 64021 42170 0.518165 0.683877 1.0 1.0 0.9 2021-03-31
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 1736.43 1716.26 0.0117523 0.185293 1.0 1.0 0 2019-01-31
Real GDP 2077770 2045920 0.0155676 0.015786 1.0 1.0 0.183333 2021-01-01
gdp growth 1.4 2.2 -0.363636 1 1.0 1.0 0.841667 2021-01-01
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
gold reserves 1.7 3 -0.433333 -0.5 -1.0 -1.0 0 2015-10-01
government budget -15.9 -1.5 9.6 -27.5 -1.0 -1.0 0 2019-02-28
Government budget -31440 -14370 1.18789 1.12519 -1.0 -1.0 0.833333 2021-03-31
government debt to gdp 117.8 86.8 0.357143 0.732353 1.0 1.0 0 2020-01-31
government revenues 34517 29177 0.183021 0.338387 1.0 1.0 1 2021-03-31
housing index 116 114.4 0.013986 0.113244 1.0 1.0 1 2021-05-31
housing starts 282.07 286.296 -0.0147609 0.330695 1.0 1.0 0.9 2021-06-30
imports 50916.2 49871 0.0209581 0.421919 1.0 1.0 1 2021-05-31
industrial production 1.83 -4.58 -1.39956 -1.32162 1.0 1.0 0.4 2021-03-31
industrial production mom 0.7 -1.5 -1.46667 -1.12963 1.0 1.0 0.5 2021-03-31
inflation cpi 3.6 3.4 0.0588235 -10 1.0 1.0 0.0333333 2021-05-31
interbank rate 0.44 0.44 0 0 1.0 -1.0 0.6 2021-06-01
interest rate 0.25 0.25 0 -0.857143 -1.0 -1.0 0.025 2021-01-20
loans to private sector 456553 470238 -0.0291023 -0.152413 -1.0 -1.0 0.0166667 2021-04-30
manufacturing pmi 56.5 57 -0.00877193 0.182008 1.0 1.0 0.95 2021-06-30
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
PPI Index 386917 382315 0.0120372 0.0517736 1.0 1.0 0.85 2021-05-31
retail sales MoM -5.7 3.6 -2.58333 -0.770161 -1.0 1.0 0.666667 2021-04-30
retail sales 56.7 24.7 1.29555 -2.78302 1.0 1.0 0.1 2021-04-30
retail sales ex autos -7.2 4.3 -2.67442 -0.652174 -1.0 1.0 0.666667 2021-04-30
unemployment rate 7.8 8.2 -0.0487805 -0.365854 -1.0 -1.0 0.05 2021-06-30
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 Momentum

Momentum 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 trend

Canada 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 oscillator

The 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 indicator

The 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 returns

MacroVar 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)
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