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MTH LYXOR ULTRA LONG DURATION EURO GOVT FTSE MTS 25Y UCITS ETF

78.536
-0.675 (-0.85%)
26 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
LYXOR ULTRA LONG DURATION EURO GOVT FTSE MTS 25Y UCITS ETF EU:MTH Euronext Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.675 -0.85% 78.536 75.00 85.00 79.201 78.536 79.201 346 16:40:00

Home Builders Soar On Fed Action; Builder Index Jumps 9.8%

18/03/2009 7:51pm

Dow Jones News


LYXOR ULTRA LONG DURATIO... (EU:MTH)
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Shares of home builders rose Wednesday following news the Federal Reserve Board is moving to add liquidity to the housing market by raising the size of a lending program aimed at mortgage-backed securities by another $750 million.

Investors see the move as a way to help potentially thaw the current home lending freeze and boost sales.

The Dow Jones US Home Construction Index jumped 9.8% led by Hovnanian Enterprises, (HOV) whose shares are up 52% to $1.45. Beazer Homes USA (BZH) stock followed with a gain of nearly 27% to 95 cents.

"That could be very good news for us," said Brent Anderson, vice president of investor relations for Meritage Homes Corp. (MTH), whose shares jumped 16% to $13.39. "Lower rates translate to lower payments, which are what buyers are looking for today."

Home builders, struggling to survive the worst downturn in decades, have repeatedly asked the government for assistance lowering mortgage rates.

-By Dawn Wotapka, Dow Jones Newswires; 201-938-5248; dawn.wotapka@dowjones.com

 
 

1 Year LYXOR ULTRA LONG DURATIO... Chart

1 Year LYXOR ULTRA LONG DURATIO... Chart

1 Month LYXOR ULTRA LONG DURATIO... Chart

1 Month LYXOR ULTRA LONG DURATIO... Chart