- IShares 20+ Year Treasury Bond ETF drops 1.6% by midday Schwab U.S. TIPS ETF (down 0.617%) has also underperformed today.
- European equity markets are currently seeing a boost in risk-on sentiment.
The trading session is well on its way, markets are mixed with Nasdaq goes up 0.19%, trading at 11,100. Dow Jones trades at 33,746 after losing 0.1%.
European markets are showing gains. Asia-Pacific session in progress; markets are rising as Nikkei increases by 1.18%, reaching 27,900.
Ambiguous macro data is influencing the market as United States Producer Price Index beats expectations of 0.2% with new data release of 0.3%, marks no change over previous data of 0.3%. Fresh Initial Jobless Claims data released in United States matched analyst forecasts with a reading of 230,000 — a backwards step from its previous reading of 226,000. United States Crude Oil Inventories released earlier showed a marked improvement to -5.19 million from the preceding data of -12.58 million, but fell short of the -3.31 million figure forecast by a consensus of market analysts.
Despite lacklustre price action, some stocks are lagging behind their peers as iShares 20+ Year Treasury Bond ETF seems to be down today, losing 1.6% of its value. Schwab U.S. TIPS ETF (down 0.617%) has also underperformed today.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF still looks indecisive as it trades even at $25.35
Today's session so far looks to be heading in a similar way — iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF is trading at $25.35 after closing the previous day at $25.36.
Schwab U.S. TIPS ETF is down 0.62%, trading at $53.15
Schwab U.S. TIPS ETF drops 33 cents early on and steadies around the $53.15 level.