|Bid||75.40 x 800|
|Ask||75.50 x 3000|
|Day's Range||75.25 - 75.44|
|52 Week Range||70.09 - 75.92|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-0.36|
|Expense Ratio (net)||0.30%|
Morningstar, Inc., a leading provider of independent investment research, recently reported estimated U.S. mutual fund and exchange-traded fund (ETF) fund flows for May 2019. Overall, passive U.S. equity ...
“Sell in May” saw investor capital go away from equity exchange-traded funds (ETFs) during that month. It was the largest monthly outflow in history for equity ETFs, which reached a record $19 billion, ...
U.S. equities rallied in 2019, but for investors who are just starting to get back into the stock market after a tumultuous year-end to 2018 could have missed the meat of the move. As such, lower equity ...
Asia bonds appear to be mirroring the U.S. bond market with respect to concerns surrounding BBB-rated debt falling into high-yield territory, which could trigger a global bond crisis. When risk-on sentiment was at a peak during the thick of the extended bull market, risky less-than-investment-grade bonds were in vogue with their attractive yields, particularly in a rising rate environment, but BBB bonds that are on the cusp of high yield status could be facing a liquidity crisis, according to a recent CNBC report. As the latest bouts of volatility have been racking the stock markets, it has also affected the bond markets, particularly liquidity–the ability purchase and sell an asset within a reasonable amount of time.
At the height of the extended bull market, risky less-than-investment-grade bonds were in vogue with their attractive yields, particularly in a rising rate environment, but BBB bonds that are on the cusp of high yield status could be facing a liquidity crisis, according to a recent CNBC report. As the volatility seen has been racking the stock markets as of late, it has also affected the bond markets, particularly liquidity--the ability purchase and sell an asset within a reasonable amount of time. BBB bond markets are especially susceptible because institutional investors, who carry war chests full of capital that aid in liquidity, aren't able to invest in these bonds if they become high yield or "junk" issues.
The 2018 Midterm Election provided the necessary rally for U.S. equities after washing investors through October's volatility machine, but this continues to persist in the capital markets as the Dow Jones Industrial Average began Monday with a 600-point loss as it struggles to recover on Tuesday--a sign that investors should give bonds a closer look--fixed-income exchange-traded funds (ETFs) in particular. The sell-offs in October was partly to blame as a confluence of these factors could signal that the environment for fixed-income investors will only get more complex. Maybe, but maybe it isn't so wise for investors to dismiss bonds outright," wrote Goldberg.
Some fixed income exchange traded funds are languishing amid the Federal Reserve's 2018 rate tightening plans, prompting investors to depart some longer-dated, traditional bond ETFs. “Despite growing demand ...
As the bull market continues its forward momentum, the appetite for risk is following close behind as bond buyers are purging government debt for higher yields in corporate bonds of investment-grade quality. ...
Treasure chests of money tinged with corruption amid a backdrop of high finance makes for an interesting show and with a character like fictitious hedge fund manager Bobby Axelrod, expertly played by actor Damian Lewis, Showtime network's television series "Billions" takes viewers on a seemingly endless game of chess. Whenever there's money to be made, rest assured that the ambitious Axelrod is in the eye of the storm regardless of the asset class, including bonds. In the second season of "Billions," Axelrod showed that his multi-strategy hedge fund, Axe Capital, is not averse to the fixed-income space.
As summer draws to a close, it’s that time again for students to head back into the classrooms and hit the books. For fixed-income investors, it’s business as usual as the quest for profitability in the ...
Benchmark Treasury yields rose as the U.S. Treasury Department is in the midst of selling off $34 billion worth of 3-year Treasury notes. The benchmark 10-year Treasury yield rose to 2.971 while the 30-year ...
The month of August started off on a shaky note for Wall Street with Fed imposed rising rate concerns and severity in the U.S.-Sino trade relations coming to the forefront.The Trump administration is reportedly considering a hike in tariffs from 10% to 20% on $200 billion worth of Chinese goods, after a 25% tariff announcement on $50 billion worth of goods.Source: Shutterstock
The capital markets are bracing themselves ahead of a Federal Open Market Committee meeting on Tuesday and a subsequent monetary policy announcement on Wednesday, which should give indications on the current state of the economy. Meanwhile, benchmark Treasury yields gained--the 10-year rose to 2.973% as of 2:45 p.m. ET and the 30-year yield ticked up to 3.102%. The meeting comes before the Department of Commerce stated last week that gross domestic product grew by 4.1% in the month of June--its fastest since the third quarter of 2014 and the third-best growth rate dating all the way back to the Great Recession.
Despite the U.S. gross domestic product meeting economic forecasts with a 4.1 percent growth rate in the second quarter, Treasury yields fell today with the benchmark 10-year Treasury down to 2.962 as of 2:00 p.m. ET. Similarly, the 30-year Treasury yield dropped down to 3.089.