|Bid||97.95 x 100|
|Ask||106.00 x 100|
|Day's Range||104.14 - 104.26|
|52 Week Range||103.86 - 107.76|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.25%|
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.
In her post-meeting press conference, Janet Yellen warned that the Fed could implement its balance sheet unwinding process soon if the economy continues to perform as expected.
Bond (BND) traders weren't prepared for the FOMC's meeting minutes. Expectations were biased for a rate hike in the June meeting.
In Rosengren's view, the markets can absorb the rebalancing of the Fed’s balance sheet only if the entire process is done gradually.
Rating Action: Moody's affirms ratings of 8 Vietnamese banks; changes outlook to positive on some ratings. Global Credit Research- 03 May 2017. Singapore, May 03, 2017-- Moody's Investors Service has affirmed ...
The minutes from the FOMC meeting on March 14 and 15 were reported on April 5 and revealed the tone of the conversation among members to be hawkish.