Moody's, downgrade and credit rating
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Moody's downgrade of the U.S. sovereign credit rating late Friday appeared to have a modest impact on corporate bond market activity on Monday, as spreads widened slightly and new bond sales started the week softer than expected.
Yields in the Treasury market are rising, threatening to make it more expensive for consumers and the U.S. to manage debt.
Changes to the country’s credit rating impact interest consumers pay on household debt like mortgages, car loans and credit cards
Ray Dalio warns that Moody's credit downgrade doesn't reflect the risks of money printing by the federal government in order to pay off debt.