CORRECTION: USA 7-Year Notes Draw 4.650% Vs 4.637% Pre-Sale When-Issued Yield; 4.716% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA 7-Year Notes drew a yield of 4.650%, slightly higher than the pre-sale when-issued yield of 4.637% and lower than the prior yield of 4.716%.
May 29, 2024 | 5:04 pm
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The yield on USA 7-Year Notes came in at 4.650%, slightly higher than the pre-sale when-issued yield of 4.637% and lower than the prior yield of 4.716%. This could indicate a slight increase in borrowing costs, potentially impacting equity markets.
The yield on the 7-Year Notes is a key indicator of borrowing costs and can influence investor sentiment in the equity markets. A slight increase in yield may lead to cautious trading in SPY.
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