this post was submitted on 17 May 2025
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Economy

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Moody’s strips US of top-notch triple-A credit rating (www.ft.com)
submitted 1 month ago by Redditsux@lemmy.world to c/economy@lemmy.world
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cross-posted from: https://lemmy.world/post/29774361

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.

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