|Bid||126.30 x 100|
|Ask||128.34 x 400|
|Day's Range||127.56 - 128.59|
|52 Week Range||116.49 - 129.57|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.15%|
The Fed will be announcing its latest monetary policy decision today at 2:00 pm Eastern, followed by Fed Chair Janet Yellen’s final press conference. Yahoo Finance’s Alexis Christoforous and Rick Newman break down some of the expectations of the Fed.
The US Dollar Index traded with strength for two weeks and started this week on a mixed note amid the dented market sentiment.
On December 13, 2017, ten-year Treasury yields fell to 2.4%. The ten-year Treasury yields (TLT) reported a yearly high of 2.6% prior to the first rate hike in March 2017.
In the early hours on Wednesday, the US Dollar Index is weak and trading below the opening prices. At 3:50 AM EST, it was trading at 94—a fall of 0.11%.
The Federal Open Market Committee surprised absolutely nobody by raising its federal funds rate target 25 basis points (one-quarter percentage point), to 1.25%-1.50%. Treasury yields fell in the face of the as-expected FOMC decision with the dollar dipping in tandem. The two-year note, the coupon maturity most sensitive to Fed policy expectations, fell four basis points in yield from the 2 PM EST release of the Fed decision, to 1.778% by late after noon.
Gross believes that in return for cost of carry, if investors get risk-adjusted returns that will be unfruitful compared to the benchmark, they could shift their holdings to other asset classes.
In fewer than 24 hours, we'll know what the Federal Reserve has decided to do with interest rates, and the market isn't expecting much of a surprise. According to the CME Group's FedWatch tool, which calculates the odds of a rate hike based on futures pricing, there's an 87.6% chance the Fed increases interest rates by a quarter point. Unless the Fed elects for a half-point hike--there's a 12.4% chance of that happening--or doesn't raise rates at all, this meeting could be a nonevent.
Bill Gross thinks investors need to avoid parking their money in US (SPX-INDEX) Treasuries (TLT) (BND) during a crisis arising out of a policy mistake, a geopolitical issue, or unexpected risk.
I’ve been getting a lot of emails from readers worried about how closed-end funds (CEFs)—especially bond-oriented closed-end funds—will perform next year, when the Federal Reserve raises interest rates.
St. Louis Fed president and CEO James Bullard gave a presentation at a regional economic briefing on December 1. Previously, we looked at the causes of yield curve inversion. In this…
St. Louis Fed president and CEO James Bullard gave a presentation at a regional economic briefing on December 1. In his presentation, Bullard laid out some conditions that could lead to…
The pace of interest rate hikes and inflation rate growth have a profound influence on the US yield curve. The US Fed has been communicating its intent to increase interest…
There are multiple factors that can affect the shape of yield curves. Bonds (BND) with different maturities react differently to changes in economic conditions and expectations. For example, when the US ...
St. Louis Fed president and CEO James Bullard gave a presentation at a regional economic briefing on December 1. Throughout this series, we'll analyze Bullard’s take on the risks of an inverted yield curve....
After regaining stability last week, the US Dollar Index rose this week. It rose in the first four trading days this week and opened higher on Friday.
The US Dollar Index started this week on a stronger note by rebounding on Monday. The US Dollar Index opened Tuesday on a stable note.
If anything should have been able to push bond yields higher, it should have been tax reform. The plan, after all, is supposed to boost economic growth--something the stock market is willing to accept at face value--and that should be bad for bonds. BMO Capital Markets' Ian Lyngen marvels at the fact that tax reform hasn't been able to push the 10-year yield over 2.4%: There is enough positive momentum for tax legislation at this point to assume that something comparable to the current proposals ultimately gets cobbled together from the bills passed by the House and Senate.
With global economies progressing toward normalcy or the “new normal,” as Williams called it, central banks are moving toward normalizing policy by signaling interest rate hikes.
The US Dollar Index opened lower on December 1 and traded with weakness below opening prices in the early hours.