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Moody's Cuts US Credit Rating To Negative, Does Anyone Really Care?
Monday, November 13, 2023 - 12:32pm | 883This past Friday after the stock markets closed Moody’s downgraded the US credit to negative outlook because of a variety of fiscal and political factors, but affirmed its Aaa credit rating. If that makes no sense to you, join the club. It appears this is a warning about concerning behavior,...
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Prudent Investors Should Care About Moody's Downgrade Of U.S. Credit Outlook
Monday, November 13, 2023 - 11:06am | 1777To gain an edge, this is what you need to know today. Prudent Investors Should Care Please click here for a chart of the federal deficit. Note the following: The chart goes back to 1900. The chart shows that large federal deficits are a relatively recent phenomenon. The chart shows...
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US Credit Rating Cut Triggers Surge In Treasury Yields: 7 ETFs Experience Wild Swings
Wednesday, August 2, 2023 - 4:28pm | 794U.S. Treasury yields experienced a significant surge on Wednesday, influenced by a combination of factors including elevated issuance plans and Fitch’s downgrade of the United States’ sovereign credit rating. The 10-year Treasury note briefly reached a yield of 4.1%, while the yield on...
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Deja Vu: After Fitch's Cut To US Credit Rating, A Look At The Market Fallout From S&P's 2011 Downgrade
Wednesday, August 2, 2023 - 12:44pm | 811The recent downgrade of the US sovereign credit rating from AAA to AA+ by Fitch Ratings has brought back memories of a similar event occurred exactly 12 years ago. On Aug. 6, 2011, S&P made history by downgrading the U.S. credit rating from AAA to AA+ for the first time since 1941. S&P...
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Fitch Slashes US Credit Rating: 5 Top Economists Weigh In On Economic Fallout
Wednesday, August 2, 2023 - 10:42am | 693In a move that sent shockwaves through global markets, Fitch Ratings downgraded the United States’ sovereign credit grade from AAA to AA+. This downgrade, echoing a move by S&P Global more than a decade ago, comes as a result of several concerning factors affecting the nation’s...
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Euro Rises against Greenback as ECB Starts Buying Italian and Spanish Bonds
Monday, August 8, 2011 - 5:22am | 997The euro rose against the U.S. dollar on Monday as the European Central Bank decided to start buying Spanish and Italian bonds. Presently, the euro is trading around $1.4345 against the greenback, or 0.46% above its previous close. At the same time, the euro is suffering against the Japanese yen,...