|Bid||103.93 x 1000|
|Ask||103.94 x 1200|
|Day's Range||103.86 - 103.97|
|52 Week Range||102.93 - 107.76|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.13%|
Moody's Investors Service has today assigned Counterparty Risk Ratings (CRRs) to 16 rated banks in Vietnam. The banks affected are: 1) An Binh Commercial Joint Stock Bank (ABB), 2) Asia Commercial Bank ...
In a continued effort to deregulate the economy, President Donald Trump signed the Economic Growth, Regulatory Relief, and Consumer Protection Act on March 24. This new act provides some tweaks to the Dodd-Frank Act, which was enacted in 2010 in response to the 2008 financial crisis. The new legislation is skewed toward helping community banks, which would benefit from the reduced capital requirements and regulatory costs.
The FOMC staff review indicated that US financial markets have been turbulent since the last meeting, which resulted in increased equity market volatility (VXX) and lower equity (VOO) asset prices. The reason cited for the increased equity market volatility was the surprising uptick in average hourly earnings in the January employment report, which made investors concerned about higher inflation and the interest rate increase. ...
Moody's Investors Service has upgraded the long-term local currency deposit and local- and foreign-currency issuer ratings of Asia Commercial Bank (ACB), Military Commercial Joint Stock Bank (Military ...
Do We Have the Tools to Combat a Recession? In his keynote delivered at the tenth conference organized by the International Research Forum on Monetary Policy in March, Boston Federal Reserve president Eric Rosengren highlighted US policy tools’ deficiency in combating another recession. Speaking about the monetary policy tools, he said that the current level of US short-term interest rates (SHY) leaves little room for them to be lowered during an economic slowdown.
Did the Housing Market Take a Breather in February? The United States National Association of Realtors (or NAR) releases a monthly report on the existing home sales (ITB) market. The report publishes data concerning existing housing inventory, total housing inventory, median home prices, and mortgage rates.
The US Federal Reserve has accumulated huge quantities of fixed-income (BND) securities as part of its three quantitative easing programs, QEs 1, 2, and 3. The balance sheet cuts should remain the same at 60% for Treasury securities (TLT) and 40% of mortgage-backed securities (MBB). Over the last decade, the US government was able to borrow at ultra-low interest rates, and the Fed was one of the biggest buyers.
The FOMC staff review indicated that the US investor sentiment has improved in the inter-meeting period. This brief was prepared before the market correction that began in the last week of January, so it doesn’t reflect that drawdown. The report indicated that the tax legislation appeared to have improved investor sentiment, which translated into higher US equity prices and Treasury (GOVT) yields.
The FOMC, through its implementation note released with the January statement, announced its decision to allow the open market desk at the Federal Reserve Bank of New York to increase the amount of Treasury (GOVT) securities that are being allowed to expire without rolling over every month. The exercise of trimming the Fed’s balance sheet was taken up to offload the huge amount of Treasury securities that the Fed amassed over the last decade through its QE (quantitative easing) programs 1, 2, and 3.
In its December monetary policy statement, the Fed projected three interest rate hikes in 2018 and three in 2019, depending on the incoming economic data.
The FOMC's November meeting minutes deemed the bond market’s yield curve to be flattening between meetings. The report indicated that bond yields have risen since the September FOMC meeting for multiple ...
According to the latest report from NAR, existing home sales have risen 2% to a seasonally adjusted annual rate of 5.48 million in October.
The US FOMC left rates unchanged after the November 2017 meeting, as expected, setting the stage for a potential rate hike in December.
The September meeting minutes indicated that the members underscored that the reduction in the Fed's balance sheet would be gradual.
In the long run, Williams said it would be difficult to predict how markets would react to the Fed's balance sheet unwinding program.
In the September 20 meeting, FOMC (US Federal Open Market Committee) finally announced the start date of its balance sheet unwinding program.
Generating income is an ongoing challenge for investors everywhere, whether it’s someone nearing or at retirement, or someone simply looking to extract consistent income from their asset allocation.
In its June meeting, FOMC (Federal Open Market Committee) members detailed plans to shrink the $4.5 trillion balance sheet.
In its June policy meeting, the Fed has signaled that it will stop replacing maturing securities and slowly reduce the size of its balance sheet.
The FOMC June meeting minutes that were released on July 5, 2017, indicated that the FOMC members were divided over when to begin shrinking the Fed's bloated balance sheet.