Moody’s downgrade could push up borrowing costs for consumers. From credit cards to mortgage rates and auto loans, here’s a look at how your wallet is impacted.Moody's decision to downgrade the U.S. credit rating may have consequences for your money,

That legislation, which the Congressional Budget Office estimated will add $4.5 trillion to the deficit through 2034, proved to be the final straw for Moody’s. The credit agency had previously kept the U.S. in its top rung of borrowers since it first issued ratings for government bonds in 1919.

The Moody’s announcement sent the yield on a 30-year Treasury bond to a high of 5.01% at one point on Monday. Bond yields rise as bond prices fall. When a selloff hits and demand for bonds dries up, it sends bond prices lower. In turn, bond yields move higher.