U.S. Treasury Yields Rise Across The Board After 30-Year Auction; 10-Year Yield Up 13.20 BPs At 4.640%
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury yields have risen across the board following a 30-year auction, with the 10-year yield increasing by 13.20 basis points to 4.640%.
November 09, 2023 | 6:07 pm
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The rise in U.S. Treasury yields may negatively impact the SPY ETF as higher yields can make bonds more attractive compared to equities.
The rise in U.S. Treasury yields following the 30-year auction could make bonds more attractive to investors compared to equities. This could lead to a sell-off in equities, including the SPY ETF, causing its price to drop in the short term.
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