U.S. Five-year Treasury Yields Rise To 4.513%, Highest Since 2007
Portfolio Pulse from Benzinga Newsdesk
U.S. five-year Treasury yields have risen to 4.513%, the highest level since 2007, according to Reuters.
September 19, 2023 | 6:49 pm
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The rise in U.S. five-year Treasury yields may impact the SPY ETF, as higher yields can make bonds more attractive compared to equities.
The SPY ETF tracks the S&P 500 index, which is sensitive to changes in interest rates. As Treasury yields rise, bonds become more attractive as an investment compared to equities, potentially leading to a sell-off in stocks and negatively impacting the SPY ETF.
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