U.S. 10-Year Treasury Yields Jump To 4.357% After Fed Meeting Statement; U.S. Two-Year Treasury Yields Rise To 5.131%, Highest Since 2007
Portfolio Pulse from Benzinga Newsdesk
U.S. 10-Year Treasury Yields have risen to 4.357% following the Federal Reserve meeting statement. Additionally, U.S. Two-Year Treasury Yields have increased to 5.131%, marking the highest level since 2007.
September 20, 2023 | 6:04 pm
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NEGATIVE IMPACT
The rise in U.S. Treasury yields may impact the SPY ETF, as higher yields can make bonds more attractive compared to stocks, potentially leading to a shift in investor preference.
The SPY ETF tracks the S&P 500, which is sensitive to changes in interest rates. As the yields on U.S. Treasuries rise, bonds become more attractive as an investment compared to stocks. This could lead to a sell-off in the stock market, negatively impacting the price of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50