Moody's warning on the massive U.S. debt burden has turned into a nonevent
Publishing timestamp: 2023-11-13 15:08:13
Summary
Moody's Investor's Service has lowered its ratings outlook on Treasurys, citing high levels of government debt and deficits coupled with political brinkmanship in Washington. However, the markets have shrugged off this warning, as it is seen as old news and unlikely to have a significant impact. Investors are already aware of the issues surrounding U.S. debt and deficits. Despite the warning, Moody's is still one of the big-three agencies that has a triple-A rating on U.S. debt. The article also mentions concerns about the long-term ability of the government to pay its bills and the potential for a recession. Investors are skeptical about bonds, particularly if inflation remains elevated and the Federal Reserve keeps interest rates high.
Sentiment: NEUTRAL
Tickers: TLT,
Keywords: economy, bonds, markets, business news, economic events, united states, prices, ishares 20+ year treasury bond etf,