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March 08, 2023
- Vanguard Short-Term Inflation-Protected Securities ETF was the biggest decliner yesterday after giving up 0.49% As things stand, Vanguard Short-Term Corporate Bond ETF (down 0.333%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
- European markets are down as FTSE slumps to 7,897.61 (down 0.28%).
A refresher of where yesterday ended before today starts: leading equity indices in the US declined as Dow Jones shed 1.72% and closed at 32,856. S&P 500 closed at 3,986.37, a 1.53% change.
US markets are now currently closed and set to reopen today; meanwhile, European markets are dropping as FTSE is currently down 0.28% and trading around 7,897.61. Asia-Pacific markets ended a mixed session today whilst KOSPI Composite Index is currently down 1.28% and trading around 2,432.
Five Below, Inc. & ZTO Express (Cayman) Inc. due to release their earnings reports within the following week.
While price action maintains a negative bias, United States API Weekly Crude Oil Stock came out at -3.83 million, while a consensus of analysts was expecting -308,000. United States 3-Year Note Auction released yesterday at 18:00 UTC with a figure of 4.635, while the previous figure was 4.073. Data from United States concerning Factory Orders was released Monday. Newly published figures emphasized continued decline from last month's figure of 1.7% to -1.6% this month.
Looking ahead, ongoing depreciation may be prolonged as United States Crude Oil Inventories expected to decline to 395,000 while its preceding data was 1.17 million, data will be available today at 15:30 UTC. Projections for United States Non Farm Payrolls are set for a continuation of decline with 203,000 while previous data was 517,000; data will be released Friday.
Furthermore, United States ADP Nonfarm Employment Change (Feb) is scheduled for today at 13:15 UTC.
Yesterday's bearishness meant that Vanguard Short-Term Inflation-Protected Securities ETF lost 0.49% yesterday before closing at $46.81. Vanguard Short-Term Corporate Bond ETF (down 0.333%), 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
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.
Yesterday's fall added to a 3 day bearish run, during which Vanguard Short-Term Inflation-Protected Securities ETF lost 5 cents. Based on current prices, VTIP investors are currently earning an annual dividend yield of 9.54% after the fund distributed a quarterly dividend of $1.12 per share for all eligible shareholders as of Tuesday, December 27th. The most recent payment was made on Thursday, December 29th.
