USA 7-Year Note Auction 3.668% Vs 3.675% Pre-Sale When-Issued Yield; 3.770% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA 7-Year Note Auction resulted in a yield of 3.668%, slightly lower than the pre-sale when-issued yield of 3.675% and down from the prior yield of 3.770%.
September 26, 2024 | 5:03 pm
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NEUTRAL IMPACT
The USA 7-Year Note Auction yield was slightly lower than expected, which could influence SPY as bond yields impact equity valuations.
The yield of the 7-Year Note Auction was slightly lower than the pre-sale expectation, which can affect equity markets as bond yields are a key factor in equity valuations. However, the change is minimal, suggesting a neutral short-term impact on SPY.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50