- Midway through earnings season, Centrais Elétricas Brasileiras S.A. – Eletrobrás & Algonquin Power & Utilities Corp. are in line to report next
- Top gainer iShares U.S. Treasury Bond ETF appreciates 1.41%; currently at $23.05
- European markets were down yesterday as FTSE is down by 1.67%, reaching 7,748.35
Ahead of Monday's session: leading equity indices in the US declined as S&P 500 closed at 3,861.59, a 1.45% change. Nasdaq slipped 1.76% and closed at 11,139.
Trading in the US will continue Monday in around 2 days time, meanwhile European markets were down yesterday as FTSE is down by 1.67%, falls to 7,748.35 Asia-Pacific markets were down yesterday as ASX 200 dips 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.
Oracle and The Toro Company have released their earnings reports; Centrais Elétricas Brasileiras S.A. – Eletrobrás & Algonquin Power & Utilities Corp. will publish their respective reports in due course.
Market's down-tick coincides with some negative macro data published earlier as highly important Unemployment Rate data from United States beat analyst expectations of 3.4 with a reading of 3.6. United States Initial Jobless Claims published Thursday came out at 211,000, falling short of the 195,000 projections and continuing its decline from the previous 190,000 figure.
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
3 days and 11.5 cents of gains were not enough. 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 is now trading 0.32% above the significant low ($80.51) it slumped to 3 days ago.
- IShares 1-3 Year Treasury Bond ETF jumps by 0.54% (44 cents), its largest single-day gain since November 2022.
- IShares 1-3 Year Treasury Bond ETF continues a 3 day uptrend, gaining a total of 0.869%.
IShares 1-3 Year Treasury Bond ETF jumps by 0.54% (44 cents), its largest single-day gain since November 2022. IShares 1-3 Year Treasury Bond ETF hit a significant low of $80.51 around 3 days ago, but has since recovered 0.32%. 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.