Moody, trade and America
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For a minute there, it looked like the “Sell America” trade was poised to make a comeback on Monday after Moody’s decided to strip the U.S. of its top-tier credit rating late Friday.
Moody's cut its credit rating on US Treasury bonds, but wealth managers don't seem to be overly concerned - at least not yet.
After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other.
Moody's on Monday downgraded the long-term ratings of top American lenders such as JPMorgan Chase , Bank of America and Wells Fargo , after pushing the U.S. out of top triple-A rating club over its burgeoning $36 trillion debt.
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 on Friday cut the US credit rating by one notch, citing rising debt and interest payments that outpace those of similarly rated sovereigns, in a move that marks the end of an era as ...
Wall Street is on edge about American investments again after receiving a significant warning about the safest of all safe havens: US debt.