U.S. Sells $70B In 5-Year Notes At 3.519% High Yield Vs 3.645% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.S. Treasury has sold $70 billion in 5-year notes at a high yield of 3.519%, which is lower than the previous yield of 3.645%. This indicates a decrease in borrowing costs for the government.
September 25, 2024 | 5:04 pm
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The decrease in yield for the U.S. Treasury's 5-year notes could signal lower interest rates, potentially benefiting equities and ETFs like SPY.
A lower yield on Treasury notes suggests a decrease in interest rates, which can make equities more attractive as borrowing costs decrease. This could lead to a positive impact on SPY, an ETF that tracks the S&P 500.
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