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March 03, 2023
- Top laggard iShares MBS ETF gave up 37 cents, or 0.4% yesterday Vanguard Mortgage-Backed Securities ETF (down 0.397%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
- European session in progress; markets are rising as DAX added 0.91% to trade at 15,467.
An update of where yesterday closed ahead of the next session: markets had an interesting day yesterday; Dow Jones gained 1.05% and closed at 33,000. S&P 500 closed the day at 3,981.35, having gained 0.76%.
US markets are now currently closed and set to reopen today; meanwhile, European markets are showing gains. Asia-Pacific markets closed higher today whilst Nikkei added 1.56% to trade at 27,927.
Royal Bank Of Canada & Pure Storage, Inc. have released their earnings reports; Futu Holdings Limited and Oracle will publish their respective reports in due course.
Uptick coincides with some positive signs published earlier as data for United States Initial Jobless Claims published yesterday at 13:30 UTC came out at 190,000, beating projections of 195,000 and showing improvement over the preceding figure of 192,000. Data from United States concerning Crude Oil Inventories was released Wednesday. Newly published figures emphasized continued decline from last month's figure of 7.65 million to 1.17 million this month.
Today's rise takes place amid mixed market indicators — United States ISM Manufacturing PMI (Feb) came out at 47.7, while a consensus of analysts was expecting 48.
Elsewhere, United States ISM Non-Manufacturing PMI (Feb) is scheduled for today at 15:00 UTC.
Yesterday's bullishness contained stragglers as iShares MBS ETF closed at $91.7 having dropped 0.4%. Vanguard Mortgage-Backed Securities ETF (down 0.397%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF has been pretty quiet for the last a month, trading mostly flat and moving by only 0.02 cents on average.
Vanguard Mortgage-Backed Securities ETF | -0.4% at $45.14
- Having set a significant high of $51.5 11 months ago, Vanguard Mortgage-Backed Securities ETF is trading 12% lower.
- Vanguard Mortgage-Backed Securities ETF dropped to $45.02, its lowest point in 3 months. It later recovered 12 cents and closed at $45.14.
- Having fallen 45 cents in 3 days,
Vanguard Mortgage-Backed Securities ETF dropped to $45.02, its lowest point in 3 months. It later recovered 12 cents and closed at $45.14. Vanguard Mortgage-Backed Securities ETF has fallen back around 12% over the past 11 months, from a notable high of $51.5.
