U.S. Treasury's Yellen Says Short Term Bill Issuance Is In Line With Recommendations From Treasury Borrowing Advisory Committee; There's Nothing About Issuing Short-Term Debt That Creates A 'Sugar High' For The Economy
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Janet Yellen stated that the issuance of short-term bills is in line with recommendations from the Treasury Borrowing Advisory Committee. She emphasized that issuing short-term debt does not create a 'sugar high' for the economy.
June 04, 2024 | 7:28 pm
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NEUTRAL IMPACT
The statement by Treasury Secretary Yellen about short-term bill issuance being in line with advisory recommendations and not creating a 'sugar high' for the economy could stabilize investor sentiment regarding economic policy.
Yellen's comments provide reassurance about the Treasury's approach to short-term debt issuance, which could help maintain stability in the market. However, the impact on SPY is likely neutral as the news does not indicate any immediate economic changes.
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