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April 18, 2023
- Top laggard Vanguard Mortgage-Backed Securities ETF gave up 34 cents, or 0.73% yesterday IShares MBS ETF (down 0.582%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
- Asia-Pacific markets are in session with varied performances.
A reminder of where yesterday ended before today's session begins: leading equity indices in the US rose as Dow Jones ended the session at 34,000 after a 0.3% gain. S&P 500 closed the day at 4,151.32, having gained 0.33%.
US markets are set to open today in around 8 hours. In the meantime, Asia-Pacific markets are currently mixed so far this session. European markets ended a mixed session yesterday whilst EuroSTOXX is currently down 0.53% and trading around 4,367.61.
As Q1 earnings reports begin to trickle in, most of the reporting companies have fallen short of Wall Street estimates. Tesla & Globe Life Inc were featured this past week while United Parcel Service and Corning Inc are scheduled next.
Today's rise takes place amid mixed market indicators — United States TIC Net Long-Term Transactions (Feb) released yesterday at 20:00 UTC with a figure of 71 billion, while the previous figure was 31.9 billion. United States NY Empire State Manufacturing Index (Apr) came out at 10.8, while a consensus of analysts was expecting -18.
Furthermore, the market is looking at United States Crude Oil Inventories projected to decline to -2.46 million while previous data was 597,000; data will be released tomorrow at 14:30 UTC.
Elsewhere, United States Philadelphia Fed Manufacturing Index (Apr) is expected Thursday. United States Building Permits (Mar) will be released today at 12:30 UTC.
Yesterday's bullishness contained stragglers as Vanguard Mortgage-Backed Securities ETF closed at $46.1 having dropped 0.73%. IShares MBS ETF (down 0.582%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Ended yesterday's session at $25.35
- With around a month of flat trade under its belt,
Yesterday's 0.73% loss extends a 4 day bearish run in which Vanguard Mortgage-Backed Securities ETF had already lost 36 cents from its share value. 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 1.02% for all eligble investors.
