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April 21, 2023
- KB Financial Group Inc. and Cousins Properties Incorporated stand ready to kick off Q1 earnings season
- IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF was the biggest decliner after giving up 0.04% yesterday
- Asia-Pacific markets have struggled to gain ground and are now trading lower midway through the session.
Yesterday's market activity meant that leading equity indices in the US declined as Nasdaq was down 0.8% before closing the session at 12,060. S&P 500 lost 0.6% and ended the session at 4,129.79.
US markets are now currently closed and set to reopen today; meanwhile, Asia-Pacific markets are down as KOSPI Composite Index is down by 0.64%, reaching 2,546.8 European markets ended a mixed session yesterday whilst DAX is down by 0.62%, goes down to 15,800
Investor risk appetite was subdued as stocks were sold off in favour of perceivably safer alternatives such as government bonds. After trading at around 3.95%, the yield on one month government debt fell to 3.4%.
3Rd quarter earnings season is mostly over, with Bank OZK & Procter & Gamble releasing their earnings reports just this week.
Market's down-tick coincides with some negative macro data published earlier as United States Initial Jobless Claims fell short of the 240,000 projections, with new data of 245,000.
Amid the market gloom, United States Existing Home Sales (Mar) released yesterday at 14:00 UTC with a figure of 4.44 million, while the previous figure was 4.55 million. United States Philadelphia Fed Manufacturing Index (Apr) came out at -31.3, while a consensus of analysts was expecting -19.2.
While markets are generally down so far today, some assets outperformed such as Vanguard Mortgage-Backed Securities ETF gained 0.45% to reach $46.44. IShares 1-3 Year Treasury Bond ETF (up 0.245%) 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 | Ended yesterday's session at $25.35
Following a month of flat trade, Pointing in a similar direction, yesterday's session was more of the same — iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% to close at $25.35 yesterday.
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 0.79% for all eligble investors.
