NYSEARCA:ICSH - NYSE Arca - US46434V8789 - ETF - Currency: USD
There's never a good time to invest, so a better question is whether you can afford not investing.
Unlike government bonds, corporate bonds have one major advantage: they offer strong returns.
Mentions: VCLT
A new exchange backed by Wall Street banks and asset management behemoth BlackRock (BLK -1.8%) started giving existing stock exchanges a run for their money today.Members Exchange, or MEMX, executed its first trade at 7:48 AM ET today with 100 shares of Consolidated Edison (NYSE:ED) changing hands at $73.90 a share.To start with, MEMX will handle trade in only seven stocks, including ExxonMobil and Alphabet.
The amount of short-term corporate IOUs fell to $996.6B for the week ended Sept. 2, 2020, the Federal Reserve reports in its latest data on commercial paper, bringing it to the lowest level in more than three years, according to Bloomberg data.The amount fell from $1.01T, on a seasonally adjusted basis, in the prior week.Financial CP slipped to $550.8B from $560.9B in the previous week, while CP issued by nonfinancial companies remains near its lowest levels since 2013, Bloomberg reports.The amount of CP declines as closures of prime money-market funds, typically significant buyers of commercial paper, increase : Bloomberg.Money market ETFs: MINT, NEAR, ICSH.
The elimination of trading commissions by most online brokerages made short term bond ETFs more attractive than holding cash in a brokerage account or bank savings account, due to their higher yields,