Yields On June 1 T-Bills Surge Past 7% Amid Debt-Cap Concerns
Portfolio Pulse from Happy Mohamed
Yields on June 1 Treasury bills surged past 7% due to concerns over the debt ceiling, according to Bloomberg. This may impact the performance of the SPY ETF.
May 24, 2023 | 5:23 pm
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The surge in yields on June 1 Treasury bills past 7% due to debt ceiling concerns may negatively impact the performance of the SPY ETF.
The surge in yields on June 1 Treasury bills is a result of concerns over the debt ceiling. This may lead to increased volatility and uncertainty in the market, which could negatively impact the performance of the SPY ETF, an index fund that tracks the S&P 500. As the ETF is exposed to the broader market, it may be affected by the increased yields and potential debt ceiling issues.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80