U.S. 10-Year Note Auction 4.296% Vs 4.519% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.S. 10-Year Treasury Note auction resulted in a yield of 4.296%, which is lower than the previous auction's yield of 4.519%.
December 11, 2023 | 6:05 pm
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POSITIVE IMPACT
The lower yield in the latest U.S. 10-Year Treasury Note auction may indicate a decrease in interest rates, which could potentially lead to a positive impact on the stock market, including ETFs like SPY.
A decrease in the yield of U.S. Treasury Notes often suggests lower interest rates, which can reduce the cost of borrowing and potentially stimulate economic growth. This environment can be favorable for stocks and equity ETFs like SPY, as investors may seek higher returns in the stock market compared to lower yielding bonds.
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IMPORTANCE 60
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