US 30-Year Treasury Yields Hit Highest Since November 2023, Moody's Downgrades US Credit Rating
Long-dated Treasuries fell as Moody's Ratings downgraded the US credit rating to Aa1 from Aaa, leading to a rise in 30-year yield to 5.02%, the highest since November 2023. The downgrade reflects concerns over the nation's fiscal outlook and growing debt. Market reactions included a fall in the dollar and US stock futures. Analysts see it as a reason for investors to shift from dollar-denominated assets. US Treasury Secretary downplayed concerns, emphasizing efforts to lower federal spending. President Trump's upcoming call with Putin may impact market sentiment.