U.S. 20-Year Bond Auction 4.818% Vs 4.542% Prior
Portfolio Pulse from Benzinga Newsdesk
The latest U.S. 20-year bond auction closed at a yield of 4.818%, marking an increase from the previous rate of 4.542%.
April 17, 2024 | 5:03 pm
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NEGATIVE IMPACT
The increase in the 20-year bond yield to 4.818% from 4.542% could lead to a short-term negative impact on SPY as higher yields may make bonds more attractive compared to stocks.
Higher bond yields can lead to a shift in investor preference from stocks to bonds, potentially causing a decrease in stock prices. Given SPY's position as a broad market ETF, it is sensitive to changes in market sentiment and interest rates.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50