Norway 2-year bond yield

Norway 2-year bond yield closed down by -1.2% to 0.41 on 23 January 2021 and +-5.75% on a weekly basis. Norway 2-year bond yield momentum was last calculated at -50.0/100 indicating negative momentum. Norway 2-year bond yield trend is -75.0/100 indicating a negative trend. Norway 2-year bond yield momentum exhaustion is -0.59766 indicating Norway 2-year bond yield is oversold.Norway 2-year bond yield RSI is 35.4916 .

Norway 2-year bond yield Chart

Norway 2-year bond yield

Norway 2-year bond yield Statistics

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

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Norway 2-year bond yield NO.2Y 0.41 -0.5 -0.75 -0.59766 35.4916 -1.2 -5.75 33.12 -0.9563

Norway 2-year bond yield closed at 0.41 on 23 January 2021. Norway 2-year bond yield trend was last calculated at -75.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Norway 2-year bond yield momentum was last calculated at -50.0/100 (range: -100 to +100) indicating negative momentum. Norway 2-year bond yield momentum exhaustion is -0.59766 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Norway 2-year bond yield is oversold and a possible reversal is imminent. Norway 2-year bond yield RSI was last calculated at 35.4916. Norway 2-year bond yield moving averages were last recorded as follows: 1-month moving average: 0.1074 in a downtrend , 1-quarter moving average: 0.08568 in an uptrend and 1-year moving average: 0.34354 in a downtrend. Norway 2-year bond yield annual return was last recorded at None%, daily return was last recorded at -1.2%, and weekly return was last recorded at -5.75%. Norway 2-year bond yield histrorical 20-day volatility was last recorded at 289.669%, Norway 2-year bond yield alpha None, Norway 2-year bond yield beta None and Norway 2-year bond yield maximum drawdown was recorded at None%. MacroVar models monitor Norway 2-year bond yield statistics based on historical data since 1970.

Norway 2-year bond yield News

Norway 2-year bond yield Factors

Norway 2-year bond yield

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Norway 2Y vs FX NO.FACT.FX2Y

Norway Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Oslo OBX OBX 1203.35 0.5 1 1.50265 69.3647 -1.82 -0.97 4.26 0.00025
Norway ETF ENOR 27.96 1 0.75 1.64988 70.3202 -2.61 -2.98 -3.92 -0.00039
Norwegian Krone US Dollar (NOK/USD) NOKUSD 8.88 -0.5 -1 -1.39952 40.0229 1.66 4.04 8.48 -0.02987
Norway 10-Year Bond Yield NO.10Y 1.13 0 0.75 0.57682 64.5598 -13.21 -21.85 -21.14 -0.33403
Norway 5-Year Bond Yield NO.5Y 0.91 0 0.25 -0.08322 48.3716 -13.83 -21.55 -7.8 -0.59753
Norway 2-year bond yield NO.2Y 0.41 -0.5 -0.75 -0.59766 35.4916 -1.2 -5.75 33.12 -0.9563
Norway Yield Curve NO.YC 0.72 1 1 1.39382 67.4062 -18.83 -28.78 -34.31 21.1

Norway Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 25023 14354 0.743277 -3.71635 1.0 1.0 0.0833333 2021-06-30
building permits 2186 2993 -0.269629 -0.133571 -1.0 -1.0 0.316667 2021-05-31
business confidence 8.2 3.8 1.15789 0.188406 1.0 1.0 0.883333 2021-01-01
capacity utilization 79 77.9 0.0141207 0.0128205 1.0 1.0 0.65 2021-01-01
capital flows -70605 41423 -2.70449 -2.61741 -1.0 -1.0 0 2020-12-01
car registrations 17724 14794 0.198053 0.627847 1.0 1.0 0.966667 2021-06-30
central bank balance sheet 12417600 12006200 0.0342656 0.0950747 1.0 1.0 0.566667 2021-06-30
consumer confidence 2.5 -3.2 -1.78125 -0.865591 -1.0 -1.0 0.383333 2021-06-01
consumer price index cpi 115.3 114.9 0.00348129 0.0285459 1.0 1.0 0.683333 2021-06-30
core inflation rate 1.4 1.5 -0.0666667 -0.548387 -1.0 -1.0 0.1 2021-06-30
current account 94301 5055 17.655 0.110246 1.0 1.0 0.683333 2021-01-01
current account to gdp 1.9 2.8 -0.321429 -0.878205 -1.0 -1.0 0 2020-01-31
deposit interest rate -1 -1 0 -3 -1.0 -1.0 0.183333 2020-12-31
exports 97877 86923 0.12602 0.706839 1.0 1.0 1 2021-06-30
external debt 6063990 6151510 -0.0142274 0.165164 1.0 1.0 0.566667 2021-01-01
fiscal expenditure 436636 395576 0.103798 0.262297 1.0 1.0 0.9 2020-07-01
foreign direct investment -24017 10237 -3.3461 -8.18857 -1.0 -1.0 0.0666667 2020-10-01
foreign exchange reserves 689302 679604 0.0142701 -0.0379958 1.0 -1.0 0.133333 2021-06-30
gdp 403.336 434.167 -0.0710118 0.00598348 -1.0 1.0 0 2019-01-31
Real GDP 895250 900856 -0.00622297 0.01004 1.0 1.0 0.15 2021-03-31
gdp growth -0.6 0.8 -1.75 2 -1.0 -1.0 0.9 2021-01-01
gdp growth annual -1.4 -0.6 1.33333 2.5 -1.0 -1.0 0.95 2021-01-01
government budget 6.4 7.3 -0.123288 -0.625731 -1.0 -1.0 0 2018-02-28
Government budget -96018 -68692 0.397805 8.49733 -1.0 -1.0 0.966667 2020-07-01
government debt 765174 637963 0.199402 0.207728 1.0 1.0 0.716667 2021-01-01
government debt to gdp 40.6 39.4 0.0304569 -0.171429 1.0 -1.0 0 2019-01-31
government revenues 340618 326884 0.0420149 0.0143599 1.0 1.0 0.366667 2020-07-01
housing index 307.24 307.94 -0.00227317 0.101337 1.0 1.0 0.833333 2021-06-30
housing starts 2364 2925 -0.191795 -0.114275 -1.0 -1.0 0.35 2021-05-31
imports 72854 72569 0.0039273 0.0946271 1.0 1.0 0.666667 2021-06-30
industrial production 2.1 0.9 1.33333 -0.611111 -1.0 -1.0 0.783333 2021-05-31
industrial production mom -0.3 -0.1 2 -0.727273 -1.0 1.0 0.633333 2021-05-31
inflation cpi 2.9 2.7 0.0740741 1.07143 1.0 1.0 0.833333 2021-06-30
interbank rate 0.24 0.26 -0.0769231 -0.333333 -1.0 -1.0 0.0166667 2021-06-02
interest rate 0.25 1 -0.75 -0.8 -1.0 -1.0 0.0166667 2020-03-20
lending rate 1 1.25 -0.2 -0.5 -1.0 -1.0 0.0166667 2020-05-31
loan growth 5.2 5 0.04 0.106383 1.0 1.0 0.833333 2021-04-30
loans to private sector 1971330 1950460 0.0107 0.0319263 1.0 1.0 0.433333 2021-05-31
long term unemployment rate 1.1 0.9 0.222222 0.1 1.0 1.0 0.516667 2021-01-01
manufacturing pmi 60.8 58.5 0.0393162 0.245902 1.0 1.0 0.95 2021-06-30
money supply m0 71710 74624 -0.0390491 -0.742 -1.0 -1.0 0.0333333 2021-05-31
money supply m1 2613840 2582130 0.0122806 0.0997261 1.0 1.0 0.733333 2021-05-31
money supply m2 2784670 2752550 0.0116692 0.0900141 1.0 1.0 0.783333 2021-05-31
new home sales 11968 10340 0.157447 0.0551931 1.0 1.0 0.533333 2021-06-30
Producer Price Index 127.4 121.8 0.045977 0.371367 1.0 1.0 1 2021-06-30
PPI Index 37.1 29.4 0.261905 -3.57639 1.0 1.0 0.0666667 2021-06-30
retail sales MoM 5.8 0.4 13.5 0.208333 1.0 1.0 0.766667 2021-05-31
retail sales 5.6 2.9 0.931035 -0.282051 -1.0 -1.0 0.633333 2021-05-31
unemployment rate 5 5.2 -0.0384615 0.315789 1.0 1.0 0.916667 2020-10-31
youth unemployment rate 12.8 10.6 0.207547 0.242718 1.0 1.0 0.883333 2021-03-31

Norway 2-year bond yield Trading Signals


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

Norway 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.

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

Norway 2-year bond yield trend

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

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

Norway 2-year bond yield oscillator

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

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

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

Norway 2-year bond yield returns

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

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