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May 02, 2023
- IShares Core Total USD Bond Market ETF was the biggest decliner after giving up 0.98% yesterday Vanguard Mortgage-Backed Securities ETF (down 0.942%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
- European markets are currently mixed so far this session.
Yesterday's trading session saw to it that markets did not have a clear cut direction — after dropping 0.14%, Dow Jones closed at 34,052. Nasdaq closed 12,200 after a stable day.
US markets are now currently closed and set to reopen today; meanwhile, European markets are in session with varied performances. Asia-Pacific markets ended a mixed session today whilst ASX 200 stumbles to 7,267.4 (down 0.92%).
US markets were mixed as rising bond yields sparked inflation fears. The iShares U.S. Treasury Bond ETF declined 0.88% to trade at $23.18.
T. Rowe Price Group Inc and Western Union Co have released their earnings reports; Hawaiian Electric Industries, Inc. & Arrival will publish their respective reports in due course.
Ambiguous macro data is influencing the market as United States ISM Manufacturing PMI (Apr) came out at 47.1, while a consensus of analysts was expecting 46.8. United States ISM Manufacturing Prices (Apr) released yesterday at 14:00 UTC with a figure of 53.2, while the previous figure was 49.2. United States ISM Manufacturing Employment (Apr) came out at 50.2, while a consensus of analysts was expecting 47.9.
Data to be released today might clear up some of the market fog as United States Crude Oil Inventories is projected to outperform its last figure with -1,000,000, having previously been at -5 million. The figure will be published tomorrow at 14:30 UTC. United States Interest Rate figure is projected at 5.25. It previously stood at five; data will be released tomorrow at 18:00 UTC. Projections for United States Initial Jobless Claims are set for a continuation of decline with 240,000 while previous data was 230,000; data will be released Thursday.
With price action largely muted in yesterday's session, several assets struggled to find momentum as iShares Core Total USD Bond Market ETF lost 0.98% yesterday before closing at $45.67. Vanguard Mortgage-Backed Securities ETF (down 0.942%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
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.
IShares Core Total USD Bond Market ETF | Currently down 0.98% at $45.67
A tough session dominated by bearish sentiment left IUSB 45.13 cents lower, while setting a $45.64 to $46 session range. The fund disclosed a quarterly dividend of 12.5 cents per share on Friday, March 31st and was paid on Friday, April 7th — thereby generating a yield of 1.09% for all eligble investors.
