- Yesterday's star of the day iShares U.S. Treasury Bond ETF appreciates 0.95% while outperforming its peers
- IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF was the biggest decliner yesterday after giving up 0.04%
- Asia-Pacific markets are dropping as Nikkei is down by 1.97%, reaching 27,669
Yesterday's market activity meant that markets did not have a clear cut direction — after dropping 0.56%, Dow Jones closed at 34,400. Nasdaq closed 11,482 after a stable day.
Trading in the US will continue today in around 11 hours time, meanwhile Asia-Pacific markets have struggled to gain ground and are now trading lower midway through the session. European markets ended a mixed session yesterday whilst DAX increases by 0.65%, reaching 14,500.
The iShares U.S. Treasury Bond ETF has gone up 0.95% to trade at $23.14, thereby indicating that government bond yields were downbeat across the yield curve.
This limbo state is reflected by market data published as United States ISM Manufacturing PMI (Nov) came out at 49, while a consensus of analysts was expecting 49.8. United States Core PCE Price Index (MoM) (Oct) released yesterday at 13:30 UTC with a figure of 0.2, while the previous figure was 0.5. United States Initial Jobless Claims beat analyst expectations of 235,000 and the previous reading of 241,000 with new data of 225,000.
Data to be released today might clear up some of the market fog as today at 13:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 200,000 from the preceding figure of 261,000. United States Unemployment Rate figure is projected at 3.7. It previously stood at 3.7; data will be released today at 13:30 UTC.
While markets were generally sideways yesterday, these stocks pulled ahead as iShares U.S. Treasury Bond ETF up 0.95% trading at $23.14. Vanguard Mortgage-Backed Securities ETF is doing well and gains 0.823%.
Despite lacklustre price action, some stocks lagged behind their peers as iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF lost 0.04% yesterday before closing at $25.35.
VMBS closed at $46.36 after gaining 0.82% yesterday
A bright session dominated by bullish sentiment helped VMBS to close 36 cents higher, while setting a $46.05 to $46.36 session range.
Risk-on mood helps GOVT post 0.95% gain yesterday
A bright session dominated by bullish sentiment helped GOVT to close 21.67 cents higher, while setting a $22.96 to $23.14 session range.