Fed's Kashkari Says Reason For Rise Now In 10-year Yield Is A Bit Perplexing; One Story Is It Is Higher-Growth Expectations; We Are Seeing Higher Long-Term Treasury Yields, But Not Higher Inflation Expectations
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Neel Kashkari expressed confusion over the recent rise in the 10-year Treasury yield, attributing it to higher growth expectations. However, he noted that this rise is not accompanied by higher inflation expectations.
October 10, 2023 | 7:17 pm
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NEUTRAL IMPACT
The rise in 10-year Treasury yield, as noted by Fed's Kashkari, could impact the SPY ETF, which tracks the S&P 500. The yield rise suggests higher growth expectations, but not inflation, which could influence investor sentiment.
The SPY ETF, which tracks the S&P 500, could be influenced by the rise in the 10-year Treasury yield. Higher yields can make bonds more attractive compared to stocks, potentially leading to a shift in investor sentiment. However, the lack of higher inflation expectations could mitigate this impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75