| 
March 14, 2023
- Midway through earnings season, Pinduoduo and UroGen Pharma Ltd. are in line to report next
- Yesterday's star of the day Vanguard Total International Bond ETF appreciates 1.28% while outperforming its peers
- Asia-Pacific markets are dropping as KOSPI Composite Index dips to 2,363.27 (down 1.96%).
Before today's session: markets completed a mixed session yesterday while Nasdaq closed the day at 11,200, having gained 0.45%. After dropping 0.28%, Dow Jones closed at 31,819.
US markets are now currently closed and set to reopen today; meanwhile, Asia-Pacific markets have struggled to gain ground and are now trading lower midway through the session. European markets were down yesterday as DAX is currently down 3.04% and trading around 14,959.
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. Yields on one year US government debt fell from 4.9% to 4.3%.
Pinduoduo and UroGen Pharma Ltd. due to release their earnings reports within the following week.
Ambiguous macro data is influencing the market as United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
Data to be released today might clear up some of the market fog as United States Retail Sales projected to come out at -0.3% — worse than previous data of 3%; data will be released tomorrow at 12:30 UTC. United States Core Retail Sales projected to decline to -0.1% while previous data was 2.3%; data will be released tomorrow at 12:30 UTC. Tomorrow at 12:30 UTC data for United States Producer Price Index will be released, with an expected decline to 0.3% from the preceding figure of 0.7%.
While markets were generally sideways yesterday, 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 | Closed +1% at $82
IShares 1-3 Year Treasury Bond ETF is on a 4 day bullish run gaining 70 cents (1.88%). Yesterday continued on the same track for iShares 1-3 Year Treasury Bond ETF — 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 | Up 0.92% to $46.31 yesterday
- Vanguard Mortgage-Backed Securities ETF hit a significant low of $43.58 around 4 months ago, but has since recovered 5.3%.
- Vanguard Mortgage-Backed Securities ETF is up 42 cents to $46.31, building upon four consecutive days of gains.
- Vanguard Mortgage-Backed Securities ETF is on a 4 day bullish run gaining 64 cents (2.34%).
Vanguard Mortgage-Backed Securities ETF hit a significant low of $43.58 around 4 months ago, but has since recovered 5.3%. 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.
