🔴 S&P 500 ETF (SPY) is trading 0.4% down today as 30-year Treasury yield reaches 5.217%

SPY is trading at $765.77, down approximately 0.4% from its August 19 close of $769.06 as Treasury yields resumed climbing on August 20.

• The 30-year Treasury yield reached 5.217% as investors assessed weak Walmart guidance and awaited economic data.
• On August 19, the S&P 500 posted a modest rebound after Treasury’s expanded bond-buyback plan temporarily lowered long-term yields.
• Futures indicated broad but limited pressure across major indexes.