U.S. Treasury 30-Year Yield Extends Rise After 30-Year Bond Auction, Last Up 1.3 Bps At 4.796%
Portfolio Pulse from Benzinga Newsdesk
The U.S. Treasury 30-year yield has extended its rise following a 30-year bond auction, with the last increase being 1.3 basis points, reaching 4.796%.
November 09, 2023 | 6:05 pm
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NEGATIVE IMPACT
The rise in the U.S. Treasury 30-year yield may impact the SPY ETF, as higher yields can make bonds more attractive compared to equities.
The rise in the U.S. Treasury 30-year yield could potentially make bonds more attractive to investors compared to equities. This could lead to a shift in investment from equities to bonds, which could negatively impact the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50