USA 30-Year Bond Auction 4.314% Vs 4.405% Prior; Bonds Draw 4.314% Vs 4.283% Pre-Sale When-Issued Yield
Portfolio Pulse from Benzinga Newsdesk
The USA 30-Year Bond Auction resulted in a yield of 4.314%, which is lower than the previous yield of 4.405%. The bonds drew a yield of 4.314% compared to the pre-sale when-issued yield of 4.283%.
August 08, 2024 | 5:03 pm
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The USA 30-Year Bond Auction yield dropped to 4.314% from 4.405%, which could influence the performance of SPY as bond yields and stock prices often have an inverse relationship.
A lower bond yield can make stocks more attractive as the return on bonds decreases, potentially leading to a positive impact on SPY.
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