Moody, America
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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.
Wall Street is on edge about American investments again after receiving a significant warning about the safest of all safe havens: US debt.
U.S. stocks open lower after Moody's stripped the U.S. of its top credit rating. Treasury yields jump as investors demand more payout to hold US debt.
Moody’s Ratings cut its ratings for deposits at some of the biggest banks, including Bank of America Corp., JPMorgan Chase & Co., citing Friday’s downgrade of the U.S. and the government’s weakened ability to support the firms.
Although the 5% level has long been considered an important psychological threshold—a point that, once crossed, could bring more selling and still higher yields—the yield slip
By Samuel Indyk and Wayne Cole LONDON (Reuters) -Treasury yields rose and U.S. stock futures slipped with the dollar on Monday due to concerns about U.S. debt and rising deficits after Moody's downgraded its U.