'Treasury Department Announces New Series I Bond Rate Of 5.27% For The Next Six Months' - CNBC
Portfolio Pulse from Benzinga Newsdesk
The U.S. Department of the Treasury has announced a new Series I bond rate of 5.27% for the period from November 1 through April 2024. This is an increase from the previous rate of 4.3%.
October 31, 2023 | 2:13 pm
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NEGATIVE IMPACT
The increase in the Series I bond rate may lead to a shift in investor preference from equities to bonds, potentially impacting the SPY ETF.
The increase in the bond rate makes bonds more attractive as an investment option compared to equities. This could lead to a decrease in demand for equities, including the SPY ETF, and potentially result in a decrease in its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75