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Usually when credit ratings fall, fixed-income security yields rise…
The 10-year Treasury bond yield has risen roughly 0.3 percentage points this month to around 4.5 percent. The 30-year Treasury yield briefly crossed 5 percent this week; the last time it did that, during some of the worst tariff fears, Mr. Trump cited the bond market among reasons he pared back his tariff proposals.
It’s a sign that the government could end up paying a higher interest rate on its debt if it can’t soothe investors’ concerns over its mounting debt, a development that could snowball into a full-blown debt crisis for the world’s largest economy.
Moody’s announced the downgrade just before bond markets closed on Friday, so investors will have to wait until Sunday to respond.
Yup, and that’s the opposite of what the admin wants right now.
Clearly Biden’s fault. Magaaaaaaaa!!!1! LOLOLOL🖕🖕🖕🖕
Take that, libtards! 😎
/s
I mean it’s not like all these problems just magically appeared in the past few months. The proxy war Biden’s been running over the past three years certainly played a role here.
