U.S. Treasury Yields Continue To Fall As Powell Speaks; 2-Year Yield Drops To 4.445%, Lowest Since June 6
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury yields are falling as Federal Reserve Chair Jerome Powell speaks, with the 2-year yield dropping to 4.445%, the lowest since June 6.
December 13, 2023 | 7:48 pm
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The SPDR S&P 500 ETF Trust (SPY) may experience indirect effects as falling Treasury yields could signal a shift in investor sentiment towards riskier assets like equities.
Falling Treasury yields often lead to a rise in equity prices as investors seek higher returns, which could result in a short-term positive impact on SPY. However, the correlation is not always direct and can be influenced by the context of Powell's speech and broader market conditions.
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