| 
June 26, 2023
IShares iBoxx $ Investment Grade Corporate Bond ETF is rallying again to $108 (up 30 cents), after erasing earlier gains.
At the same time, United States 2-Year Note Auction released today at 17:00 UTC with a figure of 4.67, while the previous figure was 4.3.
IShares iBoxx $ Investment Grade Corporate Bond ETF made an initial breakout above its 50 day Simple Moving Average at $107.91, a potential indicator of a newly emerging bullish phase. In contrast, iShares iBoxx $ Investment Grade Corporate Bond ETF could be slowing down soon as it approaches resistance at $108.05. Of course, crossing it might suggest further gains are ahead. IShares iBoxx $ Investment Grade Corporate Bond ETF's upper Bollinger Band® is at $108.31, this is a slight indication of a slowdown.
Overall, looking at the technical analysis landscape, it seems iShares iBoxx $ Investment Grade Corporate Bond ETF likely to continue pointing upward in the short term.
At the same time, Pfizer is down $1.44 from the beginning of the session and now trades around $36.86. After ending Friday's session at $123, Alphabet lost $3.83 and is trading around $119.17. Meta Platforms is down to $279.26, losing $9.47, after closing at $288.73 in the preceding trading session.
Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Core Durable Goods Orders is projected to outperform its last figure with -0.2%. It previously stood at -0.3%; data will be released tomorrow at 12:30 UTC.
Also worthy of note, United States Building Permits is scheduled for tomorrow at 12:00 UTC. United States New Home Sales (May) is expected tomorrow at 14:00 UTC.
After hitting an important low of $99.2 approximately 8 months ago, iShares iBoxx $ Investment Grade Corporate Bond ETF has bounced back 8.57% since.
