USA 10-Year Note Auction 4.438% Vs 4.483% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA 10-Year Note Auction yield came in at 4.438%, slightly lower than the previous yield of 4.483%.
June 11, 2024 | 5:03 pm
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POSITIVE IMPACT
The USA 10-Year Note Auction yield decreased to 4.438% from 4.483%. This slight drop in yield could positively impact SPY as lower yields generally make equities more attractive.
A lower yield on the 10-Year Note generally makes equities more attractive as the opportunity cost of holding stocks decreases. This could lead to a positive impact on SPY, which tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50