Yields on US government bonds rose in response to the news, with the benchmark 10-year Treasury yield up 0.03 percentage points after the announcement to 4.48 per cent. The rise in yield represents a fall in price.
Moody’s didn’t even de-rate much riskier Mortgage-backed securities leading to Great Recession, but they’re derating the world standard for safe and dependable investments. Thats how much they’ve lost faith in the trump administration’s ability to continue paying on US debt.
Oh, and we all just got a nice deficit increase from this because it means we, the USA, have to pay people more to service our national debt. The party of fiscal responsibility everyone.
I’m so happy that I sunk a lot of money into other currencies a few months ago.
Last time Republicans didn’t pass a budget to fuck Obama, they had to sue to get their rating back up
The bestest for the economy they are.
This hurts everybody’s wallet.
i for one think its funny and thats my whole opinion on it
It makes no sense to give the US a credit rating.
