- Earnings season kicks off with Q1 results as KB Financial Group Inc. & Cousins Properties Incorporated prepare to report
- IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF suffered relatively more than others yesterday after 0.04% dip
- European markets ended a mixed session yesterday whilst DAX is down by 0.62%, slips to 15,800
Yesterday's market activity meant that leading equity indices in the US declined as Nasdaq slipped 0.8% and closed at 12,060. After dropping 0.6%, S&P 500 closed at 4,129.79.
US markets are now currently closed and set to reopen today; meanwhile, European markets ended a mixed session yesterday. Asia-Pacific markets were down today as KOSPI Composite Index slips to 2,543.21 (down 0.78%).
Investor risk appetite was subdued as stocks were sold off in favour of perceivably safer alternatives such as government bonds. Via open market operations, the US Treasury issues bonds with varying maturities from 3 months to 30 years. Inversely related to bond prices, yields on one month US government debt fell to 3.4%.
Bank OZK & Procter & Gamble have released their earnings reports with KB Financial Group Inc. & Cousins Properties Incorporated are set to publish their respective reports as scheduled.
Market's down-tick coincides with some negative macro data published earlier as United States Initial Jobless Claims fell short of the 240,000 projections, with new data of 245,000.
Amid the market gloom, United States Existing Home Sales (Mar) released yesterday at 14:00 UTC with a figure of 4.44 million, while the previous figure was 4.55 million. United States Philadelphia Fed Manufacturing Index (Apr) came out at -31.3, while a consensus of analysts was expecting -19.2.
While markets are generally down so far today, some assets outperformed such as Vanguard Mortgage-Backed Securities ETF gained 0.45% to reach $46.44. IShares 1-3 Year Treasury Bond ETF (up 0.245%) is also performing well.
Yesterday's bearishness meant that iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF lost 0.04% yesterday before closing at $25.35.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Ended yesterday's session at $25.35
- With around a month of flat trade under its belt,
IShares 1-3 Year Treasury Bond ETF | Closed +0.24% at $82
IShares 1-3 Year Treasury Bond ETF closed yesterday at $82 (with a daily low of $81.94) after ending Wednesday at $81.79 and gaining 0.24%. The fund disclosed a quarterly dividend of 16.2 cents per share on Tuesday, February 28th and was paid on Tuesday, March 7th — thereby generating a yield of 0.79% for all eligble investors.