USA 30-Year Bond Auction 4.403% Vs 4.635% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA 30-Year Bond Auction yield has decreased to 4.403% from the previous 4.635%.
June 13, 2024 | 5:05 pm
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POSITIVE IMPACT
The decrease in the USA 30-Year Bond Auction yield to 4.403% from 4.635% may positively impact SPY as lower bond yields can make equities more attractive.
Lower bond yields generally make equities more attractive as the return on bonds decreases, potentially leading to increased investment in equity markets, benefiting ETFs like SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80