- Market leader Vanguard Mortgage-Backed Securities ETF puts in stellar performance, gaining 1.26%; currently at $44.14
- Top laggard iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF gave up 1 cents, or 0.04% yesterday
- CAC added 1.94% to trade at 6,250.55.
Before today's session: markets closed higher yesterday, as S&P 500 closed the day at 3,859, having gained 1.63%. Nasdaq gained 2.25% and closed at 11,200.
US markets are now currently closed and set to reopen today; meanwhile, European markets closed higher yesterday whilst CAC soars to 6,250.55 (up 1.94%). Upbeat Asia-Pacific markets ended today higher as KOSPI Composite Index is up by 0.65%, hitting 2,249.56.
In a good day for stocks and bonds, US government bond yields suffered as investor attention turned toward a hawkish Fed. The iShares U.S. Treasury Bond ETF has gone up 0.86% to trade at $22.36, thereby indicating that government bond yields were downbeat across the yield curve.
On a negative note, the market received some disappointing news as Consumer Confidence in United States fell short of market expectations (106.5) with a reading of 102.5, continuing the decline from the previous figure of 107.8.
Today's rise takes place amid mixed market indicators — United States API Weekly Crude Oil Stock came out at 4.52 million, while a consensus of analysts was expecting 200,000. United States 2-Year Note Auction released yesterday at 17:00 UTC with a figure of 4.46, while the previous figure was 4.29.
Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States GDP is projected to outperform its last figure with 2.4, having previously been at -0.6. The figure will be published tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with 1 million. It previously stood at -1.73 million; data will be released today at 14:30 UTC.
Furthermore, the market is looking at as things stand, upcoming United States Pending Home Sales data is projected to fall short of market expectations with newly published data of -5%, following on from the preceding figure of -2%. New data is set to be published Friday.
While most stocks did well yesterday, some did better than others as Vanguard Mortgage-Backed Securities ETF trades at $44.14 having gained 1.26%. IShares Core Total USD Bond Market ETF (up 0.946%) is also performing well.
Yesterday's bullishness contained stock stragglers as noticeable risk-on sentiment wasn't enough to prevent iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF giving up 1 cents, or 0.04%, before ending the session at $25.35.
Risk-on sentiment allowed VMBS to post 1.26% gain yesterday
After finishing Monday at $43.59, Vanguard Mortgage-Backed Securities Index Fund ETF Shares went up to $44.21 before paring its losses and closing at $44.14.
Risk-on mood helps IUSB post 0.95% gain yesterday
A possible reversal detected from yesterday; after finishing Monday at $43.32, iShares Core Total USD Bond Market ETF went up to $43.82 before paring its losses and closing at $43.73.