Treasury Sec. Yellen Says Treasury To Make More Than $130B Of Scheduled Payments In First Two Days Of June, Including Payments To Veterans, Social Security And Medicare Recipients
Portfolio Pulse from Happy Mohamed
Treasury Secretary Yellen announced that the Treasury will make over $130 billion in scheduled payments in the first two days of June, including payments to veterans, Social Security, and Medicare recipients.
May 26, 2023 | 8:21 pm
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NEUTRAL IMPACT
The announcement of $130B+ in scheduled payments by Treasury Sec. Yellen may have a neutral impact on the SPY ETF in the short term.
The news of the Treasury making scheduled payments is not directly related to the performance of the companies in the S&P 500 index. However, it may have a neutral impact on the overall market sentiment, as it shows the government's commitment to fulfilling its obligations. This may not significantly affect the short-term price direction of the SPY ETF.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50