Treasury Sec Janet Yellen Says Will Watch For Market Disruption From Treasury Issuance; It's Important For Dollar To Be World's Reserve Currency; Should Expect Slow Decline In Dollar As Reserve Currency
Portfolio Pulse from Benzinga Newsdesk
Treasury Secretary Janet Yellen stated that she will monitor market disruption from Treasury issuance and emphasized the importance of the dollar as the world's reserve currency. She also expects a slow decline in the dollar's status as a reserve currency.
June 13, 2023 | 4:46 pm
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NEUTRAL IMPACT
Treasury Sec Yellen's monitoring of market disruption from Treasury issuance and her comments on the dollar's reserve currency status may impact the broader market, including SPY.
Yellen's comments on monitoring market disruption from Treasury issuance and the dollar's reserve currency status can have implications for the broader market, including the SPY ETF. However, the direct impact on SPY is not clear, and the overall effect may be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50