US 20Y Bonds Draw 4.452% Vs. 4.480% Pre-Sale When-Issued Yield
Portfolio Pulse from Benzinga Newsdesk
The US 20-year bonds have drawn a yield of 4.452%, slightly lower than the pre-sale when-issued yield of 4.480%.
June 18, 2024 | 5:06 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The slight decrease in the yield of US 20-year bonds could indicate a marginally lower cost of borrowing, which might be positive for equities.
A lower yield on bonds can make equities more attractive as the cost of borrowing decreases, potentially leading to a positive impact on SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The yield on US 20-year bonds came in slightly lower than expected, which could be positive for long-term bond ETFs like TLT.
A lower-than-expected yield on 20-year bonds can increase the value of existing bonds, benefiting long-term bond ETFs like TLT.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70