Meanwhile, safe-haven interest on U.S. Treasuries waned, with yields on the benchmark 10-year Treasury note rising to 1.551% during trading. The iShares Barclays 7-10 Year Treasury ETF (NYSEArca: IEF) dipped 0.9% Friday.
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For full disclosure, Tom Lydon’s clients own SPY.
Max Chen contributed to this article.