- 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.
- European session in progress; markets are rising as FTSE increases by 0.21%, reaching 7,896.
Before today's session: leading equity indices in the US rose as Dow Jones ended the session at 34,000 after a 0.3% gain. S&P 500 gained 0.33% and closed at 4,151.32.
Trading in the US will continue today in around 5 hours time, meanwhile European equity markets are currently seeing a boost in risk-on sentiment. Asia-Pacific markets ended a mixed session today whilst Nikkei goes up by 0.51%, reaching 28,659.
With Q1 earnings season getting underway, around 92.86% of US companies have missed market estimates so far. This past week, Tesla & Globe Life Inc published downbeat reports while United Parcel Service and Corning Inc are scheduled to release their results in the coming days.
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.
Also worthy of note, tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -2.46 million from the preceding figure of 597,000.
Furthermore, the market is looking at United States Philadelphia Fed Manufacturing Index (Apr) will be released Thursday. United States Building Permits (Mar) scheduled to come out today at 12:30 UTC.
Yesterday's bullishness contained stragglers as noticeable risk-on sentiment wasn't enough to prevent Vanguard Mortgage-Backed Securities ETF giving up 34 cents, or 0.73%, before ending the session at $46.1. 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
- Following a month of flat trade,
Vanguard Mortgage-Backed Securities ETF | Closed 34 cents (-0.73%) lower at $46.1
Vanguard Mortgage-Backed Securities ETF's bearish run has lasted 4 days so far (-36 cents). Yesterday's session continued down the same path: a tough session dominated by bearish sentiment left VMBS 34 cents lower, while setting a $46.09 to $46.25 session range. 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.