U.S. Treasury's Yellen Says Treasury Never Tries To Time The Market In Debt Management, At The Senate Appropriations Subcommittee Testimony
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Janet Yellen stated during a Senate Appropriations Subcommittee testimony that the Treasury does not attempt to time the market in its debt management strategies.
June 04, 2024 | 7:07 pm
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POSITIVE IMPACT
The statement by U.S. Treasury Secretary Janet Yellen that the Treasury does not try to time the market in its debt management could provide stability to market sentiment, potentially benefiting broad market ETFs like SPY.
Yellen's statement may reassure investors about the predictability and stability of Treasury actions, which could positively impact broad market ETFs like SPY in the short term.
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