Moody, America
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Investors faced yet another bumpy start to the trading week with US assets coming under fresh pressure, although it’s mounting concern over American debt rather than tariffs generating the volatility this time.
Moody's cut its credit rating on US Treasury bonds, but wealth managers don't seem to be overly concerned - at least not yet.
A weekslong climb in longer-term yields has been fueled by persistent worries about inflation and concerns that wider deficits will necessitate larger auctions.
Moody’s gave the U.S. a negative outlook—but markets didn’t flinch. This isn’t about default. It’s about trust, and why credibility erosion is the real risk.
After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other.