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April 16, 2023
- IShares MBS ETF was the biggest decliner Friday after giving up 0.66% As things stand, Vanguard Mortgage-Backed Securities ETF (down 0.578%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
- FTSE climbs by 0.36%, reaching 7,872.
A reminder of where Friday ended before tomorrow's session begins: leading equity indices in the US declined as Dow Jones slipped 0.42% and closed at 33,900. Nasdaq closed at 12,123, a 0.35% change.
US markets are currently closed but will resume tomorrow in around 19 hours time. Upbeat European markets ended Friday higher as FTSE climbs to 7,872 (up 0.36%). Asia-Pacific markets closed higher Friday whilst Nikkei added 1.2% to trade at 28,500.
Market's down-tick coincides with some negative macro data published earlier as data from United States concerning Core Retail Sales was released Friday. Newly published figures emphasized continued decline from last month's figure of 0% to -0.8% this month. Retail Sales in United States fell short of market expectations (-0.4%) with a reading of -1%, continuing the decline from the previous figure of -0.2%.
While price action maintains a negative bias, United States CFTC S&P 500 speculative net positions released Friday with a figure of -307,600, while the previous figure was -321,500.
Furthermore, United States Building Permits (Mar) scheduled to come out Tuesday.
Friday's bearishness meant that iShares MBS ETF lost 0.66% Friday before closing at $94.43. Vanguard Mortgage-Backed Securities ETF (down 0.578%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed Friday.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Ended Friday's session at $25.35
- Following a month of flat trade,
Vanguard Mortgage-Backed Securities ETF | -0.58% at $46.44
Having fallen 9 cents in 3 days, Friday's session continued the recent downtrend: a tough session dominated by bearish sentiment left VMBS 27 cents lower, while setting a $46.44 to $46.59 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.
