International rating agenciesMoody'sThe downgrade of the U.S. sovereign credit rating from Aaa to Aa1 and the adjustment of the outlook from "negative" to "stable" triggered an upward trend in long-term Treasury Bond yields.
Moody's warned that the US fiscal deficit will widen further as social welfare spending increases over the next decade and government revenue growth is sluggish. The agency pointed out: "Persistently high fiscal deficits will push up the size of government debt and interest burden."
Market data show that,London Stock ExchangeThe 10-year U.S. Treasury Bond yield tracked by the Group (LSEG) rose 7 basis points to 4.508%, and the 30-year Treasury Bond yield climbed 9 basis points to 4.988%. The two-year Treasury Bond yield was flat at 3.990%.
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