China 2-year bond yield

China 2-year bond yield closed down by -1.31% to 2.48 on 23 January 2021 and +-9.98% on a weekly basis. China 2-year bond yield momentum was last calculated at -100.0/100 indicating negative momentum. China 2-year bond yield trend is -25.0/100 indicating a negative trend. China 2-year bond yield momentum exhaustion is 0.728 indicating China 2-year bond yield is oversold.China 2-year bond yield RSI is 27.7591 .

China 2-year bond yield Chart

China 2-year bond yield

China 2-year bond yield Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the China 2-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 China 2-year bond yield trading signals presented in the China 2-year bond yield statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
China 2-year bond yield CN.2Y 2.48 -1 -0.25 0.728 27.7591 -1.31 -9.98 -10.4 0.03111

China 2-year bond yield closed at 2.48 on 23 January 2021. China 2-year bond yield trend was last calculated at -25.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. China 2-year bond yield momentum was last calculated at -100.0/100 (range: -100 to +100) indicating negative momentum. China 2-year bond yield momentum exhaustion is 0.728 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating China 2-year bond yield is oversold and a possible reversal is imminent. China 2-year bond yield RSI was last calculated at 27.7591. China 2-year bond yield moving averages were last recorded as follows: 1-month moving average: 2.8988 in a downtrend , 1-quarter moving average: 2.92865 in a downtrend and 1-year moving average: 2.41025 in an uptrend. China 2-year bond yield annual return was last recorded at None%, daily return was last recorded at -1.31%, and weekly return was last recorded at -9.98%. China 2-year bond yield histrorical 20-day volatility was last recorded at 15.304%, China 2-year bond yield alpha None, China 2-year bond yield beta None and China 2-year bond yield maximum drawdown was recorded at None%. MacroVar models monitor China 2-year bond yield statistics based on historical data since 1970.

China 2-year bond yield News

China 2-year bond yield Factors

China 2-year bond yield

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
China 2Y vs FX CN.FACT.FX2Y

China Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Shanghai Composite SSEC 3562.66 1 1 1.64904 66.1356 0.97 -0.1 2.82 0.16105
China ETF FXI 43.72 1 1 1.71797 62.6053 -1.33 -3.23 -6.72 0.07797
Chinese Yuan US Dollar (CNY/USD) CNHUSD 6.46 -0.5 -1 -1.99133 37.2081 0.02 -0.28 -0.24 -0.05619
China 5-Year Bond Yield CN.5Y 2.75 -1 -0.25 0.68225 29.772 -0.9 -6.75 -8.46 0.04504
China 2-year bond yield CN.2Y 2.48 -1 -0.25 0.728 27.7591 -1.31 -9.98 -10.4 0.03111
China Yield Curve CN.YC 0.46 1 0.5 -0.46123 67.3871 4.07 22.67 4.55 0.00688
China Credit Default Swaps CDS.China 38.25 -1 -1 -1.41448 40.9453 2.68 5.52 -4.38 -0.16463
Export-Import Bank of China Credit Default Swaps CDS.Export-Import-Bank-of-China 35 -1 -1 -1.37529 43.9717 0 4.48 -6.67 -0.14119

China Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 515.3 455.4 0.131533 0.150377 1.0 1.0 0.7 2021-06-30
bank lending rate 2.95 2.95 0 -0.106061 -1.0 -1.0 0 2020-05-30
banks balance sheet 2120 1500 0.413333 0.171271 1.0 1.0 0.7 2021-06-30
business confidence 50.9 51 -0.00196078 0 -1.0 -1.0 0.391667 2021-06-30
capacity utilization 78.4 77.2 0.015544 0.0208333 1.0 1.0 0 2021-06-01
capital flows -751 -418.979 0.792453 -2.0353 -1.0 -1.0 0.116667 2021-01-01
car registrations 1569000 1646040 -0.0468032 -0.110544 -1.0 -1.0 0.2 2021-06-30
cash reserve ratio 12.5 12.5 0 -0.0740741 -1.0 -1.0 0.575 2020-07-30
central bank balance sheet 382315 382773 -0.00119653 0.0609605 1.0 1.0 0.933333 2021-04-30
composite pmi 50.6 53.8 -0.0594796 -0.0915619 -1.0 -1.0 0.0666667 2021-06-30
consumer confidence 121.8 121.5 0.00246914 0.0518135 1.0 1.0 0.7 2021-05-31
consumer price index cpi 100.2 100.6 -0.00397614 -0.0923913 -1.0 -1.0 0.0833333 2021-06-30
core inflation rate 0.9 0.7 0.285714 -0.181818 1.0 -1.0 0.391667 2021-05-31
current account 751 1237.65 -0.393205 -2.86283 1.0 1.0 0.0333333 2021-01-01
current account to gdp 1.9 0.8 1.375 -0.795699 -1.0 -1.0 0 2020-01-31
deposit interest rate 0.35 0.35 0 0 -1.0 -1.0 0.508333 2021-02-28
exports 2814.2 2639.22 0.0662999 0.322158 1.0 1.0 0.95 2021-06-30
external debt 24007.9 20573 0.166962 5.15335 1.0 1.0 0 2019-02-28
fiscal expenditure 17157 17693 -0.0302945 -0.0630734 -1.0 -1.0 0.183333 2021-05-31
foreign direct investment 909.6 753 0.207968 0.339025 1.0 1.0 0.933333 2021-06-30
foreign exchange reserves 3214000 3220000 -0.00186335 0.0326668 1.0 1.0 0.866667 2021-06-30
gdp 14722.7 14342.9 0.02648 2.20455 1.0 1.0 0 2020-01-31
Real GDP 532167 249310 1.13456 0.249224 -1.0 1.0 0.1 2021-06-30
gdp growth 1.3 0.4 2.25 -0.1875 -1.0 -1.0 0 2021-04-01
gdp growth annual 7.9 18.3 -0.568306 0.144928 1.0 1.0 0.85 2021-04-01
gold reserves 1948.31 1948.31 0 0.057393 1.0 1.0 0.55 2020-08-01
government budget -3.7 -2.8 0.321429 8.02439 -1.0 -1.0 0 2020-01-31
Government budget -178.3 4.2 -43.4524 0.0258918 1.0 -1.0 0.5 2021-05-31
government debt to gdp 66.8 57.1 0.169877 1.47407 1.0 1.0 0 2020-01-31
government revenues 18446 20893 -0.117121 0.142238 1.0 1.0 0.833333 2021-05-31
housing index 4.7 4.9 -0.0408163 -0.0408163 1.0 -1.0 0.6 2021-06-30
imports 2298.9 2183.83 0.0526918 0.367945 1.0 1.0 0.916667 2021-06-30
industrial production 8.3 8.8 -0.0568182 0.729167 -1.0 1.0 0.966667 2021-06-30
industrial production mom 0.56 0.52 0.0769231 -0.565891 -1.0 -1.0 0.15 2021-06-30
inflation cpi 1.1 1.3 -0.153846 -0.56 1.0 -1.0 0.166667 2021-06-30
interbank rate 3.47 3.46 0.00289017 0.0579268 1.0 1.0 0.708333 2021-05-03
interest rate 3.85 3.85 0 -0.0941176 -1.0 -1.0 0.025 2020-05-20
loan growth 12.3 12.2 0.00819672 -0.0681818 -1.0 -1.0 0.283333 2021-06-30
loans to private sector 36700 19200 0.911458 0.0582163 1.0 1.0 0.366667 2021-06-30
manufacturing pmi 51.3 52 -0.0134615 0.00195312 -1.0 1.0 0.383333 2021-06-30
money supply m0 8430 8420 0.00118765 0.0609192 1.0 1.0 0.55 2021-06-30
money supply m1 63750 61680 0.0335603 0.0549082 1.0 1.0 0.383333 2021-06-30
money supply m2 231780 227500 0.0188132 0.085646 1.0 1.0 0.266667 2021-06-30
non manufacturing pmi 53.5 55.2 -0.0307971 -0.0165441 -1.0 -1.0 0.15 2021-06-30
Producer Price Index 107.4 105.7 0.0160833 0.0248092 1.0 1.0 0 2021-05-31
PPI Index 8.8 9 -0.0222222 -3.93333 1.0 1.0 0.158333 2021-06-30
retail sales MoM 0.7 0.81 -0.135802 -0.333333 -1.0 -1.0 0.166667 2021-06-30
retail sales 12.1 12.4 -0.0241935 -7.72222 -1.0 1.0 0.0166667 2021-06-30
reverse repo rate 2.2 2.2 0 -0.137255 -1.0 -1.0 0.175 2020-04-30
services pmi 50.3 55.1 -0.0871143 -0.138699 -1.0 -1.0 0.0666667 2021-06-30
total vehicle sales 2020000 2132800 -0.0528882 -0.121625 -1.0 -1.0 0.166667 2021-06-30
unemployment rate 5 5.1 -0.0196078 -0.152542 -1.0 -1.0 0.0166667 2021-05-31
China Leading Economic Conference Board Index 160.6 158.7 0.0119723 0.0565789 1.0 1.0 0.516667 2020-11-01
LEI - Consumer Expectation Index 126.7 126.7 0 0.0620285 1.0 1.0 0.766667 2021-04-01
LEI - New Export Orders 50 50.6 -0.0118577 0.48368 1.0 1.0 0.983333 2021-04-01

China 2-year bond yield Trading Signals


MacroVar estimates the following signals: China 2-year bond yield momentum, China 2-year bond yield trend, China 2-year bond yield oscillator, China 2-year bond yield RSI and China 2-year bond yield returns.

China 2-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.

MacroVarChina 2-year bond yield momentum signal ranges from -100 to +100. The China 2-year bond yield momentum signal is derived as the mean value from 4 calculations for the China 2-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. China 2-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. China 2-year bond yield momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when China 2-year bond yield momentum signal moves from positive to negative value or vice-versa.

China 2-year bond yield trend

China 2-year bond yield trend signal ranges from -100 to +100. China 2-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. China 2-year bond yield Closing price vs China 2-year bond yield moving average (MA) calculation: If China 2-year bond yield is greater than China 2-year bond yield MA value is +1, else -1, 2. China 2-year bond yield Moving average slope calculation: if current China 2-year bond yield moving average is higher than the previous MA, China 2-year bond yield upward slope +1, else -1
China 2-year bond yield trend model can be used as a trend strength indicator. China 2-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 China 2-year bond yield trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The China 2-year bond yield 52-week simple moving average and its slope are the most important indicators defining a market’s trend. China 2-year bond yield is in an uptrend when China 2-year bond yield price is higher than the 52-week moving average and the China 2-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 China 2-year bond yield oscillator and China 2-year bond yield RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

China 2-year bond yield oscillator

The China 2-year bond yield oscillator estimated by MacroVar is the z-score of the current China 2-year bond yield price versus China 2-year bond yield 1-year simple moving average price. The formula for the China 2-year bond yield oscillator is:
China 2-year bond yield oscillator = (Current Price – 250 trading days China 2-year bond yield simple moving average price) / (250 days China 2-year bond yield price standard deviation)

China 2-year bond yield oversold conditions
China 2-year bond yield is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the China 2-year bond yield is oversold it is often due for a rebound. Values of the China 2-year bond yield oscillator lower than -2.5 signify oversold conditions. It must be noted that the China 2-year bond yield oscillator must be analyzed ibn conjunction with the rest of China 2-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 China 2-year bond yield RSI.
China 2-year bond yield overbought conditions
China 2-year bond yield is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the China 2-year bond yield is overbought it is often due for a correction. Values of the China 2-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 China 2-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.

China 2-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 China 2-year bond yield is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During China 2-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.

China 2-year bond yield returns

MacroVar calculates China 2-year bond yield returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

China 2-year bond yield returns = (China 2-year bond yield Closing Price – China 2-year bond yield Previous Price)/(China 2-year bond yield Previous Price)
Feedback
Feedback
How would you rate your experience?
Do you have any additional comment?
Next
Enter your email if you'd like us to contact you regarding with your feedback.
Back
Submit
Thank you for submitting your feedback!