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April 05, 2023
- Top gainer Vanguard Mortgage-Backed Securities ETF appreciates 0.49%; currently at $46.93
- IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF was the biggest decliner yesterday after giving up 0.04%
Yesterday's trading session saw to it that leading equity indices in the US declined as Dow Jones lost 0.59% and ended the session at 33,400. After dropping 0.58%, S&P 500 closed at 4,100.6.
US markets are now currently closed and set to reopen today; meanwhile, Asia-Pacific markets ended a mixed session today whilst Nikkei is currently down 1.65% and trading around 27,821.
While price action maintains a negative bias, United States JOLTs Job Openings (Feb) came out at 9.93 million, while a consensus of analysts was expecting 10.4 million. United States ISM Manufacturing PMI (Mar) released Monday with a figure of 46.3, while the previous figure was 47.7. Fresh API Weekly Crude Oil Stock data from United States came out at -4.35 million.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as as things stand, upcoming United States Non Farm Payrolls data is projected to fall short of market expectations with newly published data of 240,000, following on from the preceding figure of 311,000. New data is set to be published Friday.
Moreover, United States Crude Oil Inventories is projected to outperform its last figure with -2.33 million, having previously been at -7.49 million. The figure will be published today at 14:30 UTC.
Furthermore, United States ADP Nonfarm Employment Change (Mar) is scheduled for today at 12:15 UTC.
While markets are generally down so far today, some assets outperformed such as Vanguard Mortgage-Backed Securities ETF gained 0.49% to reach $46.93. IShares 1-3 Year Treasury Bond ETF (up 0.232%) is also performing well.
Yesterday's bearishness meant that iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF lost 0.04% yesterday before closing at $25.35.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF has been pretty quiet for the last a month, trading mostly flat and moving by only 0.02 cents on average.
Vanguard Mortgage-Backed Securities ETF | Closed +0.49% at $46.93
Vanguard Mortgage-Backed Securities ETF is on a 6 day bullish run gaining 48 cents (1.54%). Yesterday's session pointed in the same direction — a bright session dominated by bullish sentiment helped VMBS to close 23 cents higher, while setting a $46.59 to $46.98 session range. 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.
