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April 16, 2023
- IShares MBS ETF was the biggest decliner after giving up 0.66% Friday 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 moves up to 7,872 (up 0.36%).
Friday's market activity meant that leading equity indices in the US declined as Dow Jones was down 0.42% before closing the session at 33,900. Nasdaq slipped 0.35% and closed at 12,123.
US markets are now currently closed and set to reopen tomorrow; meanwhile, upbeat European markets ended Friday higher as FTSE is up by 0.36%, hitting 7,872. 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 United States Core Retail Sales published Friday came out at -0.8%, falling short of the -0.3% projections and continuing its decline from the previous 0% figure. United States Retail Sales published Friday came out at -1%, falling short of the -0.4% projections and continuing its decline from the previous -0.2% figure.
Meanwhile, 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. As things stand, Vanguard Mortgage-Backed Securities ETF (down 0.578%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are also underperforming today.
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 | Currently down 0.58% at $46.44
Vanguard Mortgage-Backed Securities ETF's bearish run has lasted 3 days so far (-9 cents). Friday's session continued down the same path: 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.
