- Midway through earnings season, Pinduoduo and UroGen Pharma Ltd. are in line to report next
- Today's star of the day Vanguard Total International Bond ETF appreciates 1.28% while outperforming its peers
- European markets were down today as DAX is down by 3.04%, reaching 14,959
Ahead of tomorrow's session: markets completed a mixed session today while Nasdaq gained 0.45% and closed at 11,200. Dow Jones lost 0.28% and ended the session at 31,819.
US markets are set to open tomorrow in around 14 hours. In the meantime, European markets were down today as DAX is currently down 3.04% and trading around 14,959. Asia-Pacific markets ended a mixed session today whilst Nikkei is currently down 1.11% and trading around 27,833.
The iShares U.S. Treasury Bond ETF has gone up 0.93% to trade at $23.27, thereby indicating that government bond yields were downbeat across the yield curve.
3Rd quarter earnings season is mostly over, with Lufax Holding Ltd and Oracle releasing their earnings reports just this week.
This limbo state is reflected by market data published as United States Participation Rate (Feb) released today at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
Data to be released tomorrow might clear up some of the market fog as United States Retail Sales projected to decline to -0.3% while previous data was 3%; data will be released Wednesday. United States Core Retail Sales projected to come out at -0.1% — worse than previous data of 2.3%; data will be released Wednesday. As things stand, upcoming United States Producer Price Index data is projected to fall short of market expectations with newly published data of 0.3%, following on from the preceding figure of 0.7%. New data is set to be published Wednesday.
While markets were generally sideways today, these assets pulled ahead as Vanguard Total International Bond ETF up 1.28% trading at $48.92. IShares 1-3 Year Treasury Bond ETF is doing well and gains 0.997%.
IShares 1-3 Year Treasury Bond ETF | Up 1% to $82 today
IShares 1-3 Year Treasury Bond ETF is on a 4 day bullish run gaining 70 cents (1.88%). Today's session pointed in the same direction — after finishing Friday at $81.21, iShares 1-3 Year Treasury Bond ETF went up to $82.05 before paring its losses and closing at $82. The fund disclosed a quarterly dividend of 16.2 cents per share on Tuesday, February 28th and was paid on Tuesday, March 7th — thereby generating a yield of 0.79% for all eligble investors.
Vanguard Mortgage-Backed Securities ETF | Closed +0.92% at $46.31
Vanguard Mortgage-Backed Securities ETF is on a 4 day bullish run gaining 64 cents (2.34%). It was more of the same for Vanguard Mortgage-Backed Securities ETF today — after finishing Friday at $45.89, Vanguard Mortgage-Backed Securities ETF went up to $46.63 before paring its losses and closing at $46.31. The fund disclosed a quarterly dividend of 11.8 cents per share on Monday, December 26th and was paid on Monday, March 6th — thereby generating a yield of 1% for all eligble investors.