America's Credit Rating Downgraded—And Why It's Another Headwind For Housing
In This Article Last Friday, Moody’s Ratings downgraded the U.S. sovereign credit rating from Aaa to Aa1. As a result, Treasury yields surged Monday morning, with the 10-year note jumping to 4.53% and the 30-year bill surpassing 5%. The S&P 500 fell by about 50 points, and the Nasdaq dropped 1.3%. While Moody’s downgrade certainly […]