- Midway through earnings season, Centrais Elétricas Brasileiras S.A. – Eletrobrás & Algonquin Power & Utilities Corp. are in line to report next
- Yesterday's star of the day iShares U.S. Treasury Bond ETF appreciates 1.41% while outperforming its peers
- European markets were down yesterday as FTSE is down by 1.67%, dips to 7,748.35
Ahead of Monday's session: leading equity indices in the US declined as after dropping 1.45%, S&P 500 closed at 3,861.59. Nasdaq shed 1.76% and closed at 11,139.
US markets are set to open Monday in around a day. In the meantime, European markets were down yesterday as FTSE is down by 1.67%, reaching 7,748.35 Asia-Pacific markets were down yesterday as ASX 200 is currently down 2.28% and trading around 7,144.7.
Investor risk appetite was subdued as stocks were sold off in favour of perceivably safer alternatives such as government bonds. The iShares U.S. Treasury Bond ETF has gone up 1.41% to trade at $23.05, thereby indicating that government bond yields were downbeat across the yield curve.
Oracle and The Toro Company have released their earnings reports with Centrais Elétricas Brasileiras S.A. – Eletrobrás & Algonquin Power & Utilities Corp. are set to publish their respective reports as scheduled.
Market's down-tick coincides with some negative macro data published earlier as United States Unemployment Rate fell short of the 3.4 projections, with new data of 3.6. United States Initial Jobless Claims fell short of the 195,000 projections, with new data of 211,000.
Markets are trading lower today despite some positive data published earlier as data from United States concerning Non Farm Payrolls was released yesterday at 13:30 UTC. Newly published figures emphasized continued decline from last month's figure of 504,000 to 311,000 this month.
While markets are generally down so far today, some assets outperformed such as iShares U.S. Treasury Bond ETF gained 1.41% to reach $23.05. IShares Core Total USD Bond Market ETF (up 1.05%) and iShares 1-3 Year Treasury Bond ETF (up 0.545%) also performed well yesterday.
Yesterday's gains added to iShares U.S. Treasury Bond ETF's bullish trend that has lasted for 3 days so far, during which it increased a total of 11.5 cents.
IShares 1-3 Year Treasury Bond ETF | Up 0.54% to $81.21 yesterday
Keeping up its 3 days of climbing (+26 cents), Yesterday's session pointed in the same direction — after finishing Thursday at $80.77, iShares 1-3 Year Treasury Bond ETF went up to $81.22 before paring its losses and closing at $81.21. 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 0.798% for all eligble investors.