Weekly Recap | VGIT.US -0.65%, a low-volume pullback

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The Week

VGIT.US slipped 0.65% this week to close at $56.53, lagging the S&P 500’s 0.27% decline by roughly 0.38 percentage points. Trading stayed subdued: Monday through Wednesday saw a tight range between $56.60 and $56.79, Thursday touched a 60-day low of $56.35, and Friday edged back modestly without erasing the week’s losses. Amplitude for the week was just 0.78%. There were no major catalysts, though a Tuesday report highlighted Treasury yields breaking above 5.2% and positioning in intermediate Treasury ETFs coming into focus.\n\n## The Week Ahead\n\nThe macro calendar is the main thing to watch. Monday brings the final S&P Global services PMI and the ISM non-manufacturing PMI, with prior readings of 58.7 and 55.4 respectively, and consensus near 55 for the ISM figure. Tuesday includes the US trade balance and goods trade balance, previously at -$88.6b and -$132.6b. Wednesday brings EIA weekly crude and Cushing inventory data. These releases could shape Treasury yields and pricing dynamics for intermediate government bond ETFs.\n\nThis article is generated by LongbridgeAI from market data, for information only and not investment advice.

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