Moody’s Downgrade Spurs Surge in U.S. Treasury Yields and Equity Slide
19/5 06:09
Investors awoke to renewed turbulence as Moody’s downgraded U.S. sovereign debt from Aaa to Aa1, blaming unfunded tax cuts and swelling deficits. The move reignited a “Sell America” trade, sending benchmark Treasury yields sharply higher and equity futures lower. By Monday’s ope...