Taiwan 2-year bond yield

Taiwan 2-year bond yield closed up by 0.0% to 0.17 on 23 January 2021 and +6.25% on a weekly basis. Taiwan 2-year bond yield momentum was last calculated at -50.0/100 indicating negative momentum. Taiwan 2-year bond yield trend is -25.0/100 indicating a negative trend. Taiwan 2-year bond yield momentum exhaustion is -0.83171 indicating Taiwan 2-year bond yield is oversold.Taiwan 2-year bond yield RSI is 51.7541 .

Taiwan 2-year bond yield Chart

Taiwan 2-year bond yield

Taiwan 2-year bond yield Statistics

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

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Taiwan 2-year bond yield TW.2Y 0.17 -0.5 -0.25 -0.83171 51.7541 0 6.25 30.77 -0.74757

Taiwan 2-year bond yield closed at 0.17 on 23 January 2021. Taiwan 2-year bond yield trend was last calculated at -25.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Taiwan 2-year bond yield momentum was last calculated at -50.0/100 (range: -100 to +100) indicating negative momentum. Taiwan 2-year bond yield momentum exhaustion is -0.83171 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Taiwan 2-year bond yield is oversold and a possible reversal is imminent. Taiwan 2-year bond yield RSI was last calculated at 51.7541. Taiwan 2-year bond yield moving averages were last recorded as follows: 1-month moving average: 0.13 in a downtrend , 1-quarter moving average: 0.11308 in an uptrend and 1-year moving average: 0.24262 in a downtrend. Taiwan 2-year bond yield annual return was last recorded at None%, daily return was last recorded at 0.0%, and weekly return was last recorded at 6.25%. Taiwan 2-year bond yield histrorical 20-day volatility was last recorded at 66.9171%, Taiwan 2-year bond yield alpha None, Taiwan 2-year bond yield beta None and Taiwan 2-year bond yield maximum drawdown was recorded at None%. MacroVar models monitor Taiwan 2-year bond yield statistics based on historical data since 1970.

Taiwan 2-year bond yield News

Taiwan 2-year bond yield Factors

Taiwan 2-year bond yield

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Taiwan 2Y vs FX TW.FACT.FX2Y

Taiwan Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Taiwan Weighted Index TWII 17458.8 1 1 2.31671 83.2422 -2.17 0.7 -0.65 0.2789
Taiwan ETF EWT 63.78 1 1 2.35204 76.9582 -1.57 2.75 -2.24 0.34665
Taiwan Dollar US Dollar (TWD/USD) TWDUSD 28.01 -0.5 -1 -2.04511 32.4512 0.1 0.15 0.5 -0.06218
Taiwan 2-year bond yield TW.2Y 0.17 -0.5 -0.25 -0.83171 51.7541 0 6.25 30.77 -0.74757
Taiwan Yield Curve TW.YC 0.24 -0.5 -0.5 -0.35344 49.5833 -4 -15.79 -15.79 0.16129

Taiwan Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 5144.95 6155.87 -0.16422 0.0653416 -1.0 1.0 0.483333 2021-06-30
bank lending rate 2.441 2.447 -0.00245198 -0.0739757 -1.0 -1.0 0.0666667 2020-07-31
banks balance sheet 51419300 51193500 0.00441072 0.0956175 1.0 1.0 0.966667 2021-05-31
capital flows 26469 30052 -0.119227 0.360454 1.0 1.0 0.566667 2020-11-01
car registrations 22435.3 22423.3 0.000535158 0.0117111 1.0 1.0 0.966667 2021-06-30
central bank balance sheet 18647300 18584800 0.00336296 0.119528 1.0 1.0 0.916667 2021-06-30
consumer confidence 70.48 70.48 0 0.0151231 -1.0 1.0 0.7 2021-07-31
consumer price index cpi 104.14 103.91 0.00221345 0.0188827 1.0 1.0 0.9 2021-06-30
core inflation rate 1.35 1.04 0.298077 26 1.0 1.0 1 2021-04-30
current account 25960 27330 -0.0501281 0.187557 1.0 1.0 0.433333 2021-01-01
current account to gdp 9.5 10.5 -0.0952381 0.376812 -1.0 1.0 0 2019-02-28
exports 36653 37410.2 -0.0202405 0.351223 1.0 1.0 0.95 2021-06-30
external debt 209223 189873 0.10191 0.0881106 1.0 1.0 0.333333 2020-07-01
fiscal expenditure 3331.21 3075.8 0.0830386 0.247224 1.0 1.0 0 2020-02-29
foreign direct investment 431.22 338.02 0.275723 -0.0490241 -1.0 -1.0 0.483333 2021-05-31
foreign exchange reserves 5432.82 5429.78 0.000559875 0.111711 1.0 1.0 0.916667 2021-06-30
gdp 610.7 608.1 0.00427561 0.50086 1.0 1.0 0 2019-01-01
Real GDP 5268610 5097250 0.0336181 0.260801 1.0 1.0 1 2021-01-01
gdp growth 3.05 1.42 1.14789 2.6747 1.0 1.0 0.933333 2021-01-01
gdp growth annual 8.92 8.16 0.0931373 1.60819 1.0 1.0 0.966667 2021-04-01
gold reserves 423.63 422.7 0.00220014 0 1.0 -1.0 0.491667 2020-05-01
government budget -4.5 -1.3 2.46154 4 -1.0 -1.0 0 2019-02-28
Government budget -226.92 -244.2 -0.0707617 -1.32238 -1.0 -1.0 0 2018-01-31
government debt to gdp 28.2 29.3 -0.0375427 0.0180505 -1.0 1.0 0 2019-01-31
government revenues 2875.41 2942.28 -0.0227273 0.360407 1.0 1.0 0 2020-02-29
housing index 329.17 296.48 0.11026 0.161749 1.0 1.0 0.4 2020-07-01
imports 31508 31254.3 0.00811728 0.413143 1.0 1.0 0.966667 2021-06-30
industrial production 16.51 14.1 0.170922 8.65497 1.0 1.0 0.983333 2021-05-31
industrial production mom 2.25 -0.9 -3.5 -6.625 1.0 1.0 0.05 2021-05-31
inflation cpi 1.89 2.48 -0.237903 -3.52 1.0 1.0 0.1 2021-06-30
interbank rate 0.48 0.48 0 0 1.0 -1.0 0.508333 2021-06-02
interest rate 1.125 1.375 -0.181818 -0.181818 -1.0 -1.0 0.0166667 2020-03-19
loan growth 7.57 6.95 0.0892086 0.236928 1.0 1.0 0.6 2021-05-31
loans to private sector 13043100 12796600 0.0192629 0.0663881 1.0 1.0 0.783333 2021-05-31
manufacturing pmi 57.6 62 -0.0709677 0.246753 -1.0 1.0 0.966667 2021-06-30
money supply m0 2470180 2465750 0.00179661 0.112017 1.0 1.0 0.9 2021-05-31
money supply m1 9287900 9179000 0.011864 0.198578 1.0 1.0 0.95 2021-05-31
money supply m2 51455800 51137300 0.00622833 0.0920996 1.0 1.0 1 2021-05-31
Producer Price Index 102.63 102.09 0.00528945 0.107359 1.0 1.0 0.983333 2021-06-30
PPI Index 10.74 11.33 -0.0520741 -2.04171 1.0 1.0 0.216667 2021-06-30
retail sales MoM -5.78 0.7 -9.25714 -1.6881 -1.0 -1.0 0.183333 2021-05-31
retail sales 2.8 18.27 -0.846743 -1.48951 -1.0 1.0 0.35 2021-05-31
unemployment rate 4.15 3.71 0.118598 -0.00240385 1.0 -1.0 0.416667 2021-05-31
youth unemployment rate 12.58 11.69 0.0761334 0.0789022 1.0 1.0 1 2021-05-31

Taiwan 2-year bond yield Trading Signals


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

Taiwan 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.

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

Taiwan 2-year bond yield trend

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

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

Taiwan 2-year bond yield oscillator

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

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

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

Taiwan 2-year bond yield returns

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

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