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April 17, 2023
As the current session draws to a close, iShares iBoxx $ Investment Grade Corporate Bond ETF remains in the $108.58 – $109.17 range after dropping 0.63%.
Amid the market gloom, United States NY Empire State Manufacturing Index (Apr) released today at 12:30 UTC with a figure of 10.8, while the previous figure was -24.6.
IShares iBoxx $ Investment Grade Corporate Bond ETF fell below the $108.79 support zone and moved 9 cents beyond it; the next level of support with significant buyer interest is estimated at $108.25. IShares iBoxx $ Investment Grade Corporate Bond ETF made an initial break below its 21 day Simple Moving Average at $109.08, a possible indication of a forthcoming negative trend.
Looking forward, iShares iBoxx $ Investment Grade Corporate Bond ETF is poised to extend its strong downtrend and continue declining.
In the meantime, negative performances are also seen in other markets, Alphabet closed at $106.37 (down 2.82%). ASML Holding dips 4.06% to trade around $639.15.
Positive performances can be seen by looking at other markets as Wells Fargo & Company is up 3.88%.
Furthermore, United States Building Permits (Mar) is scheduled for tomorrow at 12:30 UTC.
IShares iBoxx $ Investment Grade Corporate Bond ETF hit a significant low of $99.2 around 5 months ago, but has since recovered 10.27%.
