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April 26, 2023
- Top laggard Vanguard Mortgage-Backed Securities ETF giving up 17 cents, or 0.36%, so far this session IShares MBS ETF (down 0.336%) has also underperformed today.
- European markets are dropping as CAC slips to 7,466.66 (down 0.86%).
The trading session is well on its way, the leading indices are pointing up — Nasdaq up to 11,946, gaining 1.24%. S&P 500 goes up 0.34%, trading at 4,085.28.
European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets have struggled to gain ground and are now trading lower midway through the session.
The US yield curve struggled to maintain its balance as bond yields rose across the board. The US Treasury issues bills, notes and bonds with varying maturities from 3 months to 30 years. Inversely related to bond prices, yields on one month US government debt rose to 4.11%.
Logitech International S.A. and Ceragon Networks Ltd. due to release their earnings reports within the following week.
Uptick coincides with some positive signs published earlier as data for United States Core Durable Goods Orders published today at 12:30 UTC came out at 0.3%, beating projections of -0.2% and showing improvement over the preceding figure of -0.3%.
On a negative note, the market received some disappointing news as Crude Oil Inventories in United States fell short of market expectations (-1.49 million) with a reading of -5 million, continuing the decline from the previous figure of -4.58 million.
Today's rise takes place amid mixed market indicators — United States New Home Sales (Mar) came out at 683,000, while a consensus of analysts was expecting 630,000.
Furthermore, the market is looking at United States Pending Home Sales projected to come out at 0.5% — worse than previous data of 0.8%; data will be released tomorrow at 14:00 UTC. United States GDP expected to decline to two while its preceding data was 2.6, data will be available tomorrow at 12:30 UTC. Projections for United States Initial Jobless Claims are set for a continuation of decline with 248,000 while previous data was 245,000; data will be released tomorrow at 12:30 UTC.
Vanguard Mortgage-Backed Securities ETF falls 0.36% to trade at $46.64. IShares MBS ETF (down 0.336%) has also underperformed today.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Currently steady around $25.35
It's been more of the same this session on the back of a month of flat trade, Today's session so far looks to be heading in a similar way — iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF trades at $25.35, after ending yesterday at $25.36.
Looking back to Monday, December 26th, VMBS disclosed to the market its decision to pay a dividend of 11.8 cents per share for all shareholders on record up until Thursday, March 2nd. With the payment made on Monday, March 6th, the decision means the fund's shareholders could obtain an annual dividend yield of 1% this year.
