|Bid||0.00 x 1000|
|Ask||0.00 x 3100|
|Day's Range||114.60 - 114.79|
|52 Week Range||113.72 - 121.85|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.15%|
The Institute for Supply Management released a report on Thursday that revealed a growth increase in U.S. service sector activity--a pace that was higher than expected in the month of August. "There was a strong rebound for the non-manufacturing sector in August after growth 'cooled off' in July," said Anthony Nieves, Chair of the ISM Non-Manufacturing Business Survey Committee.
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, ...
As is the case with many equity-based exchange traded funds, some of the largest fixed income ETFs use cap-weighted indexes, meaning the largest debtors are among those funds’ top holdings. That includes ...
Weighting stocks by market value is the most frequently used weighting scheme among index funds and exchange-traded funds (ETFs). This is also true among fixed income ETFs, including corporate bond funds. What that means is that the largest holdings in traditional corporate bond ETFs, such a the iShares iBoxx $ Investment Grade Corporate Bond ETF ( LQD), are the biggest issues.
Benchmark Treasury yields ticked down as the minutes of the last Federal Reserve meeting surfaced, which suggest that come September, the central bank will most likely raise rates for a third time this year. Short-term maturities ticked higher with the 2-year yield rising to 2.608 and the 5-year to 2.712. During its last interest rate policy decision in June, the Fed raised the federal funds rate 25 basis points to its current level of 2. Despite the majority expecting rates to rise, trade concerns could give the Fed enough pause to warrant keeping rates unchanged.
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 ...
As the Turkish lira exhaled by gaining against the U.S. dollar today, the Dow Jones Industrial Average inhaled the contagion caused by Turkey's economic crisis with a loss of over 150 points as of 3:15 p.m. ET. The market pandemic felt around the globe didn't leave benchmark U.S. Treasury yields resistant to its effects as they were all knocked down across the board. "The story for this week is clearly centered on Turkey, tariffs, the dollar, and weakness in the equity market," said Kevin Giddis, head of fixed income capital markets at Raymond James.
Investment-grade corporate bonds and ETFs, such as the iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEArca: LQD), can provide conservative fixed income investors with alternatives to cash. Temping ...
Investment-grade corporate bonds and related ETFs can provide a good mix of stability and income for investors seeking to still put money to work in an uncertain market environment. “Rather than sit idle ...
While the Turkish lira has been languishing amid geopolitical tensions with the United States, U.S. corporate bond-focused fixed-income ETFs edged higher, such as the iShares Intermediate Credit Bond ETF (CIU)--up 0.16%, iShares iBoxx $ Invmt Grade Corp Bd ETF (LQD)--up 0.13% and Vanguard Interm-Term Corp Bd ETF (VCIT) --up 0.20%. CIU tracks the investment results of the Bloomberg Barclays U.S. Intermediate Credit Bond Index. CIU focuses on investment-grade corporate debt and sovereign, supranational, local authority and non-U.S. agency bonds that are U.S. dollar-denominated and have a remaining maturity of greater than one year and less than or equal to ten years.
The benchmark 10-year and 30-year Treasury yields fell Friday, slipping to 2.956 and 3.098 respectively as the U.S. Department of Labor reported today that total nonfarm payrolls increased by 157,000 for ...
The Federal Open Market Committee is in the midst of a two-day meeting to discuss their next moves on monetary policy, which will include a policy decision announcement set to take place on Wednesday. ...
Among exchange traded funds offering exposure to investment-grade corporate debt, the iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEArca: LQD) is the king. LQD, which recently turned 16 years ...
Citigroup posted mixed results on its second quarter earnings report Friday as the bank outperformed in earnings per share, but underperformed on revenue, including a decline in fixed-income. Forecasts for Citigroup earnings were slated at $1.56 per share, and the bank surpassed that, posting a $1.63 EPS figure. In addition, Citigroup netted $4.49 billion in income, besting last year's second quarter results of $3.9 billion in net income.
In ETF Trends’ Part 1 of looking at the best fixed-income ETFs to have during a recession, four ETFs were introduced that underscored the need to have shorter terms if possible and investment-grade holdings ...
Fixed income investors looking to bolster income streams via investment-grade corporate debt can keep that income while guarding against higher interest rates. A broad swath of exchange traded funds, including ...
Due to the reconstitution of the Russell indices, US-listed ETFs saw huge outflows last week. FactSet data showed that ETFs posted net outflows of $21.6 billion during the week, which pushed the year-to-date inflows down to $129.4 billion—the largest outflows since late March. US equity (GS) (MS) (BAC) registered outflows of $21.2 billion, while international equity had net redemptions of $4 billion. US equity outflows were mainly concentrated in the iShares Russell ETFs. US fixed-income ETFs was the only asset class that garnered positive inflows for the week. US fixed-income ETFs added $3. ...
The flare-up in market volatility has left investors scratching their heads when it comes to the outperformance of safest segment of the corporate bond universe over its riskiest peers.
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.
The iShares 0-5 Year High Yield Corporate Bond ETF ( SHYG) has lost $1 billion in assets over the past week. A robo-advisor operated by a major brokerage is seen as the culprit behind the outflows from the high-yield debt exchange-traded fund (ETF).
While inflation isn’t a huge concern in the current economic environment, it should always be on the minds of income seekers looking to protect themselves from the loss of purchasing power.
Investors have fixed-income exchange traded funds dedicated to hedging interest rate risk they can choose from. A new fund features a hedge of its own, but it is an inflation hedge. The actively managed iShares Inflation Hedged Corporate Bond ETF (CBOE: LQDI) debuted last week.