|Bid||99.83 x 800|
|Ask||102.49 x 800|
|Day's Range||102.16 - 102.35|
|52 Week Range||102.04 - 107.01|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.72|
|Expense Ratio (net)||0.13%|
The iShares Core U.S. Aggregate Bond ETF (NYSE: AGG), the largest U.S.-listed fixed income exchange traded fund, reached its 15th birthday Sept. 22, making it an appropriate time to examine the bond ETF boom. When AGG debuted, a scant number of bond ETFs were on the market. Various data points indicate the growth of bond ETFs will continue.
Mortgage-backed securities (MBS) represent an asset class with a troubled history. Many investors and analysts argue that MBS precipitated the 2008 financial crisis. This doesn't mean, however, that MBS as an asset class are without potential for investors in 2018.
The fixed-income market has played second fiddle to equities, but there are still areas of opportunity that bond exchange traded fund investors can look to. “The fixed income market remains challenging, ...
With the Federal Reserve continuing its efforts to normalize U.S. monetary policy, plenty of asset classes could be affected by those plans, including mortgage-backed securities (MBS) and exchange traded ...
Moody's Investors Service has upgraded the long-term local and foreign-currency deposit and issuer ratings of JSC Bank for Foreign Trade of Vietnam (Vietcombank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), and Vietnam Joint-Stock Commercial Bank for Industry and Trade (VietinBank). Moody's also upgraded the long-term counterparty risk ratings (CRR) and counterparty risk assessments (CRAs) of VietinBank and BIDV, and affirmed those of Vietcombank.
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.