|Bid||98.06 x 100|
|Ask||107.00 x 300|
|Day's Range||104.28 - 104.42|
|52 Week Range||103.98 - 107.76|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.25%|
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.