- Midway through earnings season, Centrais Elétricas Brasileiras S.A. – Eletrobrás & Algonquin Power & Utilities Corp. are in line to report next
- Yesterday's star of the day iShares U.S. Treasury Bond ETF appreciates 1.41% while outperforming its peers
- European markets were down yesterday as FTSE is down by 1.67%, dips to 7,748.35
Ahead of Monday's session: leading equity indices in the US declined as S&P 500 was down 1.45% before closing the session at 3,861.59. Nasdaq closed at 11,139, a 1.76% change.
Trading in the US will continue Monday in around 2 days time, meanwhile European markets were down yesterday as FTSE dips to 7,748.35 (down 1.67%). Asia-Pacific markets were down yesterday as ASX 200 falls to 7,144.7 (down 2.28%).
Investor risk appetite was subdued as stocks were sold off in favour of perceivably safer alternatives such as government bonds. The iShares U.S. Treasury Bond ETF has gone up 1.41% to trade at $23.05, thereby indicating that government bond yields were downbeat across the yield curve.
3Rd quarter earnings season is mostly over, with Oracle and The Toro Company releasing their earnings reports just this week.
Market's down-tick coincides with some negative macro data published earlier as Unemployment Rate in United States fell short of market expectations (3.4) with a reading of 3.6, continuing the decline from the previous figure of 3.4. Initial Jobless Claims in United States fell short of market expectations (195,000) with a reading of 211,000, continuing the decline from the previous figure of 190,000.
Markets are trading lower today despite some positive data published earlier as highly important Non Farm Payrolls data from United States beat analyst expectations of 205,000 with a reading of 311,000.
While markets are generally down so far today, some assets outperformed such as iShares U.S. Treasury Bond ETF gained 1.41% to reach $23.05. IShares Core Total USD Bond Market ETF (up 1.05%) and iShares 1-3 Year Treasury Bond ETF (up 0.545%) also performed well yesterday.
IShares U.S. Treasury Bond ETF | Up 1.41% to $23.05 yesterday
IShares U.S. Treasury Bond ETF continues a 3 day surge, reaping a total of 1.92%. Yesterday's session pointed in the same direction — after finishing Thursday at $22.73, iShares U.S. Treasury Bond ETF went up to $23.06 before paring its losses and closing at $23.05.
IShares 1-3 Year Treasury Bond ETF | Up 0.54% to $81.21 yesterday
IShares 1-3 Year Treasury Bond ETF continues a 3 day uptrend, gaining a total of 0.869%. Yesterday's session pointed in the same direction — after finishing Thursday at $80.77, iShares 1-3 Year Treasury Bond ETF went up to $81.22 before paring its losses and closing at $81.21. 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 0.798% for all eligble investors.