Moodys downgraded US credit rating
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Dalio fears the U.S. will “print money” to pay off its debts, which creates a different problem for bondholders.
Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal conditions, after Moody's took the U.S. off its top tier.
The S&P 500 was 0.9 percent lower in early trading after Moody’s Ratings became the last of the three major credit-rating agencies to say the US federal government no longer deserves a top-tier “Aaa” rating.
Moody’s downgrades the U.S. credit rating for the first time since 1919, citing rising debt. Crypto markets react with Bitcoin and Ethereum slipping as investors weigh broader economic risks.
After Moody’s Ratings stripped the US government of its top credit rating late Friday, markets started the new week off by sending the 30-year Treasury yield above 5% — a sign
The dollar extended its losses to reach a 10-day low against a basket of currencies following the Moody’s downgrade.
The S&P 500 and Nasdaq are pointing down in premarket trading. Treasury yields are up, dollar is falling, Bitcoin is slipping.
The yield on 10 and 30-year Treasurys rose on Monday after another credit ratings agency downgraded the US on Friday.