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April 17, 2023
- IShares MBS ETF suffered relatively more than others Friday after 0.66% dip As things stand, Vanguard Mortgage-Backed Securities ETF (down 0.578%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
- European markets are currently mixed so far this session.
An update of where Friday closed ahead of the next session: leading equity indices in the US declined as Dow Jones shed 0.42% and closed at 33,900. After dropping 0.35%, Nasdaq closed at 12,123.
US markets are now currently closed and set to reopen today; meanwhile, European markets are in session with varied performances. Asia-Pacific markets closed higher today whilst ASX 200 added 0.27% to trade at 7,381.5.
With Q1 earnings season getting underway, around 100% of US companies have missed market estimates so far. This past week, ManpowerGroup Inc. and F.N.B. Corporation published downbeat reports while Whirlpool Corp & Activision Blizzard are scheduled to release their results in the coming days.
Looking ahead, ongoing depreciation may be prolonged as United States Crude Oil Inventories projected to decline to -583,000 while previous data was 597,000; data will be released Wednesday.
Furthermore, United States Building Permits (Mar) is expected tomorrow at 12:30 UTC.
Friday's bearishness meant that iShares MBS ETF lost 0.66% Friday before closing at $94.43. Vanguard Mortgage-Backed Securities ETF (down 0.578%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed Friday.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Ended Friday's session at $25.35
Following a month of flat trade, Pointing in a similar direction, Friday's session was more of the same — iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% to close at $25.35 Friday.
Vanguard Mortgage-Backed Securities ETF | -0.58% at $46.44
Vanguard Mortgage-Backed Securities ETF's bearish run has lasted 3 days so far (-9 cents). Friday's session continued down the same path: a tough session dominated by bearish sentiment left VMBS 27 cents lower, while setting a $46.44 to $46.59 session range. 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.
