Hong Kong 2-year bond yield

Hong Kong 2-year bond yield closed down by -1.96% to 0.1 on 23 January 2021 and +-46.52% on a weekly basis. Hong Kong 2-year bond yield momentum was last calculated at -100.0/100 indicating negative momentum. Hong Kong 2-year bond yield trend is -100.0/100 indicating a negative trend. Hong Kong 2-year bond yield momentum exhaustion is -0.80386 indicating Hong Kong 2-year bond yield is oversold.Hong Kong 2-year bond yield RSI is 42.0983 .

Hong Kong 2-year bond yield Chart

Hong Kong 2-year bond yield

Hong Kong 2-year bond yield Statistics

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

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Hong Kong 2-year bond yield HK.2Y 0.1 -1 -1 -0.80386 42.0983 -1.96 -46.52 -32.89 -0.92957

Hong Kong 2-year bond yield closed at 0.1 on 23 January 2021. Hong Kong 2-year bond yield trend was last calculated at -100.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Hong Kong 2-year bond yield momentum was last calculated at -100.0/100 (range: -100 to +100) indicating negative momentum. Hong Kong 2-year bond yield momentum exhaustion is -0.80386 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Hong Kong 2-year bond yield is oversold and a possible reversal is imminent. Hong Kong 2-year bond yield RSI was last calculated at 42.0983. Hong Kong 2-year bond yield moving averages were last recorded as follows: 1-month moving average: 0.15275 in a downtrend , 1-quarter moving average: 0.1548 in a downtrend and 1-year moving average: 0.52718 in a downtrend. Hong Kong 2-year bond yield annual return was last recorded at None%, daily return was last recorded at -1.96%, and weekly return was last recorded at -46.52%. Hong Kong 2-year bond yield histrorical 20-day volatility was last recorded at 147.485%, Hong Kong 2-year bond yield alpha None, Hong Kong 2-year bond yield beta None and Hong Kong 2-year bond yield maximum drawdown was recorded at None%. MacroVar models monitor Hong Kong 2-year bond yield statistics based on historical data since 1970.

Hong Kong 2-year bond yield News

Hong Kong 2-year bond yield Factors

Hong Kong 2-year bond yield

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Hong Kong 2Y vs FX HK.FACT.FX2Y

Hong Kong Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Hang Seng HSI 27224.6 1 0.75 1.22317 65.8478 -2.03 -3.83 -6.38 -0.0242
Hong Kong ETF EWH 26.79 1 1 2.22075 71.7466 0.56 0.75 -2.69 0.03651
Hong Kong Dollar US Dollar (HKD/USD) HKDUSD 7.77 0.5 0.5 -0.2003 53.3164 0.04 0.06 0.09 -0.00229
Hong Kong 5-Year Bond Yield HK.5Y 0.52 0 0 -0.48994 48.6711 -24.96 -35.56 -21.09 -0.80318
Hong Kong 2-year bond yield HK.2Y 0.1 -1 -1 -0.80386 42.0983 -1.96 -46.52 -32.89 -0.92957
Hong Kong Yield Curve HK.YC 0.81 0.5 0.75 1.5841 53.3256 -18.92 -20.67 -21.28 -32.2667
Hong Kong Credit Default Swaps CDS.Hong-Kong 31.5 -1 -0.5 -0.93086 4.17468 0 12.1 -4.83 0.01683

Hong Kong Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade -25464 -31776 -0.19864 0.854625 1.0 -1.0 0.966667 2021-05-31
bank lending rate 5 5 0 -0.0253411 -1.0 -1.0 0.0333333 2020-01-31
banks balance sheet 26201800 25708200 0.0192001 0.0487222 1.0 1.0 0.4 2021-05-31
business confidence 6 -17 -1.35294 -0.25 1.0 -1.0 0 2021-07-01
capital flows -89259 -62781 0.421752 1.00258 -1.0 -1.0 0.866667 2021-01-01
car registrations 3621 3091 0.171466 0.275 1.0 1.0 0.9 2021-05-31
consumer confidence 65.7 62.4 0.0528846 -0.243088 -1.0 -1.0 0 2021-04-01
consumer price index cpi 112.3 112.4 -0.00088968 0.0108011 1.0 1.0 0.216667 2021-05-31
current account 59841 31181 0.919149 4.19634 1.0 1.0 0.95 2021-01-01
current account to gdp 6.6 6 0.1 -0.56 1.0 -1.0 0 2020-01-31
deposit interest rate 0.14 0.04 2.5 -0.941667 1.0 -1.0 0 2019-01-01
exports 393814 384874 0.0232284 0.239929 1.0 1.0 0.933333 2021-05-31
external debt 13809600 13824400 -0.00107057 0.0809355 1.0 1.0 0.0666667 2021-01-01
fiscal expenditure 163890 172001 -0.0471567 0.660066 1.0 1.0 0.916667 2021-01-01
foreign direct investment 16180.9 15665.1 0.0329267 1.24596 1.0 1.0 0 2021-01-31
foreign exchange reserves 491600 494500 -0.00586451 0.102489 1.0 1.0 0.716667 2021-06-30
gdp 346.59 366.03 -0.0531104 0.580582 1.0 1.0 0 2020-01-31
Real GDP 697474 701783 -0.00614007 0.00409138 1.0 1.0 0.0833333 2021-03-31
gdp growth 5.4 0.5 9.8 2.6 1.0 1.0 0.958333 2021-01-01
gdp growth annual 7.9 -2.8 -3.82143 0.755556 1.0 1.0 0.916667 2021-01-01
gold reserves 2.08 2.1 -0.00952381 0 -1.0 -1.0 0.441667 2020-07-01
government budget -12 -1.3 8.23077 -121 -1.0 -1.0 0 2020-01-31
Government budget 84825 2708 30.3239 0.977181 1.0 1.0 0.833333 2021-01-01
government debt to gdp 38.4 37 0.0378378 0.259843 1.0 1.0 0 2016-01-31
government revenues 248715 174709 0.423596 0.756127 1.0 1.0 0.933333 2021-01-01
housing index 179.33 177.49 0.0103668 0.0406197 1.0 1.0 0.583333 2021-04-30
imports 419278 416650 0.00630745 0.265397 1.0 1.0 0.983333 2021-05-31
industrial production 2.6 -6.1 -1.42623 1.36364 1.0 1.0 0.916667 2021-01-01
inflation cpi 1 0.8 0.25 -0.333333 1.0 -1.0 0.383333 2021-05-31
interbank rate 0.17 0.17 0 -0.26087 -1.0 -1.0 0.108333 2021-06-02
interest rate 0.86 0.86 0 -0.687273 -1.0 -1.0 0.025 2020-04-15
loans to private sector 10812000 10768400 0.00404888 0.00883618 -1.0 1.0 0.0833333 2021-05-31
manufacturing pmi 51.4 52.5 -0.0209524 0.0362903 1.0 1.0 0.633333 2021-06-30
money supply m0 557640 555816 0.00328166 0.0763568 1.0 1.0 0.35 2021-05-31
money supply m1 3481440 3306560 0.0528888 0.295747 -1.0 1.0 0.85 2021-05-31
money supply m2 15933500 15770300 0.0103486 0.0711237 1.0 1.0 0.583333 2021-05-31
money supply m3 15972200 15807800 0.0103999 0.0709032 1.0 1.0 0.583333 2021-05-31
Producer Price Index 111.3 109.9 0.0127389 0.0372787 1.0 1.0 0.3 2021-01-01
PPI Index 1.7 2.9 -0.413793 -0.552632 -1.0 -1.0 0.566667 2021-01-01
retail sales MoM 9 -2.6 -4.46154 -0.274194 1.0 -1.0 0.566667 2021-05-31
retail sales 7.8 11 -0.290909 -1.22941 1.0 1.0 0.433333 2021-05-31
unemployment rate 5.5 6 -0.0833333 -0.112903 -1.0 -1.0 0.133333 2021-06-30
youth unemployment rate 8.6 9.2 -0.0652174 -0.0752688 -1.0 -1.0 0.166667 2021-05-31

Hong Kong 2-year bond yield Trading Signals


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

Hong Kong 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.

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

Hong Kong 2-year bond yield trend

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

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

Hong Kong 2-year bond yield oscillator

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

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

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

Hong Kong 2-year bond yield returns

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

Hong Kong 2-year bond yield returns = (Hong Kong 2-year bond yield Closing Price – Hong Kong 2-year bond yield Previous Price)/(Hong Kong 2-year bond yield Previous Price)
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