|Bid||0.00 x 900|
|Ask||0.00 x 1800|
|Day's Range||105.98 - 106.11|
|52 Week Range||105.00 - 110.66|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.04%|
When it comes to investing in ETFs, various investors are acclimated to using different metrics, fundamental or technical, when it comes down to screening for those with the best returns. One aspect that ...
One of the curious attributes of the U.S. stock market in 2018 is that while there are growing concerns over the outlook for growth going forward, sectors traditionally seen as safe have struggled the most, while the ones more closely correlated to macroeconomic conditions have generally risen.
For several years, the Fed had been raising rates at a relatively slow and cautious pace, in response to seeing the economy expanding at a "moderate pace." Importantly, this week that language changed to "sustained expansion." Central bankers are not likely to make drastic changes in their language, but the view is changing from cautious optimism, to recognizing that the U.S. appears to be seeing a more vigorous period of expansion. This implies the Fed is fairly committed to their current direction. With their interest rate announcement, Fed decision makers also indicate where they expect to see rates in the coming years.
The FOMC’s June meeting concluded on June 13, and the committee decided to increase the federal funds rate by 0.25%. The June rate hike was completely priced in, but the markets (ACWI) were eagerly awaiting the updated SEP (Summary of Economic Projections) report, which included the dot plot, a forecast for future interest rate hikes.
With the unemployment rate at a low 3.8%, rising wages and a healthy inflation level, the markets are poised for another rate hike by the Federal Reserve. The federal funds rate is currently in the range of 1.5% to 1.75%, but an increase of a quarter of a percentage point is expected, but not guaranteed. On Wednesday, the Federal Reserve will release the most recent economic forecasts, which could hint at additional hikes.
Various studies and surveys are confirming the growth trajectory of the exchange traded funds industry and the importance of institutional investors in driving that growth. "In April 2017, the National Association of Insurance Commissioners revised its methodology for accounting of fixed-income ETFs,” CFRA Research Director of ETF & Mutual Fund Research Todd Rosenbluth said in a Thursday note.
The Bureau of Economic Analysis (or BEA) released its second estimate for real GDP for the first quarter on May 30. Although the reading was lower than consensus expectations, the reason for the decline was due to a decline in inventories, which could be considered a positive sign.
Investors sought safer shores Tuesday as geopolitical concerns rocked global stock markets and sent the Dow Jones industrials down nearly 400 points.
On Friday, two-year Italian bond yields rose 35 basis points in one day — almost equivalent to the entire range of the year for U.S. 10-year Treasurys.
Bond prices have plummeted this year, sending yields to multiyear highs. If the pressure on Treasurys continues, the market's largest bond ETF could surpass the drop seen in its worst year on record, says one market watcher.
The most recent FOMC meeting was on May 1–2. The decision to leave the rate unchanged had been expected by the markets, but the FOMC used the meeting to announce a likely rate hike in June. FOMC meeting minutes are usually released three weeks after an FOMC meeting.
China invests the trade surplus it has with its trading partners in US government securities (GOVT). According to the data available from the US Treasury, China owns close to 20% of total outstanding US debt, and the total value of these securities is close to $1.2 trillion.
As per the latest Bank of America Merrill Lynch (or BofAML) Global Fund Manager survey released on May 15, growth expectations have slipped to the lowest level in the last two years. The report indicated that global fund managers expect a slowdown in global growth with only 1% of the respondents thinking that the global economy would strengthen in the next 12 months. Only 2% of respondents were expecting a recession in 2018, while most of the respondents expect the next recession by the first quarter of 2020.
The April retail sales report was released on May 15, and the surprise reaction to this report was an increase in bond (BND) yields across the board. There are numerous ways to explain the spike in yields, and the retail (XRT) sales data only acted as a catalyst to the Treasury (GOVT) sell-off, which began a few hours before the retail sales data was released. With the US economy showing signs of continued improvements and other developed economies slowing down, chances are that the US could lead the tightening cycle, which could have led to an increase in bond yields on Tuesday.
ADP, a human capital management solution provider, releases a monthly report on US non-farm employment. The report captures the change in the number of jobs added across different sectors in the US. ADP claims to process the payrolls of more than 24 million US workers, which provides first-hand insight into the US employment market. The monthly report is prepared using actual and anonymous payroll data from 411,000 US clients that ADP services. The report precedes the monthly non-farm payrolls report from the BLS (Bureau of Labor Statistics). ...
The equity market has be shaken by a sudden bout of volatility, sending investors out of riskier assets and into safer plays. The shift in investment sentiment has been a huge boon for bond exchange traded ...
The Bureau of Economic Analysis (or BEA) released its first estimate for 1Q18 real GDP on Friday. This reading was above the consensus estimate for a growth rate of 2% but below the 4Q17 real GDP growth rate of 2.9%. This positive surprise may have somewhat cemented the chances for three more rate hikes in 2018, and the Fed has no reason to back off from additional rate hikes this year.
Over the last one year, the US dollar has struggled against all the major currencies with the US dollar index (UUP) depreciating by 10.6% in 2017 and 2.2% in the first three months of 2018. At the same time, US interest rates (AGG) have been increasing but remained at a lower level to instigate any strong moves in the currency. Why is the US dollar’s rise impacting other currencies?
Year-to-date, three fixed income exchange-traded funds are among the top 10 ETFs in terms of new assets added. The iShares Short Treasury Bond ETF (NYSE: SHV ) and the iShares Core Aggregate Bond ETF (NYSE: ...
The US ten-year yield has moved above the 3% rate for the first time in three years amid increased inflation (TIP) expectations and the US Federal Reserve’s resolve to continue with interest rate hikes. In the same period, the S&P 500 (SPY) Index delivered a total return of over 350% in this bull-market cycle, and analysts continue to project expansion in business and thus stock prices. The question on everyone’s mind is whether stocks will continue to be attractive when bond yields are growing.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action.
Alan Valdes, director of floor operations at Silverbear Capital, joins Yahoo Finance's Seana Smith from the New York Stock Exchange to discuss the latest market moves as the Federal Reserve releases the minutes from the last FOMC meeting.
Alan Valdes of Silverbear Capital joins Yahoo Finance's Jen Rogers from the floor of the New York Stock Exchange to discuss the latest market moves.