USA 20-Year Bond Auction 4.595% Vs 4.423% Prior
Portfolio Pulse from Benzinga Newsdesk
The latest USA 20-Year Bond auction concluded with a yield of 4.595%, marking an increase from the previous auction's yield of 4.423%.
February 21, 2024 | 6:02 pm
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The increase in the 20-Year Bond yield to 4.595% from 4.423% may lead to a short-term negative impact on SPY as higher bond yields can make stocks less attractive.
Higher bond yields typically lead to higher borrowing costs and can divert investment from stocks to bonds, making equities like those represented in SPY less attractive. This could result in a short-term negative impact on SPY's price.
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