U.S. Treasury's Yellen Says Objective In Federal Borrowing Is To Issue Debt At Least Cost Over Time; Market Participants Believe That Short-Term Rates Will Come Down
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Janet Yellen stated that the objective in federal borrowing is to issue debt at the least cost over time. Market participants believe that short-term rates will come down.
June 04, 2024 | 7:22 pm
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The statement by U.S. Treasury Secretary Janet Yellen about issuing debt at the least cost and the expectation of lower short-term rates could positively impact SPY, as lower rates generally support higher equity prices.
Lower short-term rates typically lead to higher equity prices as borrowing costs decrease and economic activity is stimulated. This could positively impact SPY, which tracks the S&P 500 index.
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