Moody, debt downgrade
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The Moody’s announcement sent the yield on a 30-year Treasury bond to a high of 5.01% at one point on Monday. Bond yields rise as bond prices fall. When a selloff hits and demand for bonds dries up, it sends bond prices lower. In turn, bond yields move higher.
Moody's downgrade of the U.S. credit rating made it the third of the three major ratings agencies to downgrade U.S. credit since 2011 amid widening budget deficits.
How could the downgrade impact Americans? The dip in the U.S. credit rating indicates that ratings agencies believe the government is at a higher risk of default on its debt. Whil
Decades of excessive spending by Congress has caused Moody's to lower America's credit rating. We'll look at federal revenue and spending over the past 59 years.
Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.
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If the U.S.’s loss of its final perfect credit rating boosts yields on Treasury debt, it likely would boost the cost of borrowing for both companies and consumers.
The Moody's downgrade is a widely expected move that doesn't change the status of Treasuries. It doesn't force institutions to sell. It just makes headlines.
Sen. Ashley Moody will roll out a measure Wednesday that will expedite the removal of criminal illegal immigrants from the United States involved in gangs, foreign terrorist organizations or convicted of any felony on U.