Moody’s Lowers U.S. Credit Rating
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Moody’s still has a perfect Aaa rating on Apple’s bonds. Yields for long-term Apple debt are higher than the 10-Year Treasury as well.
Dalio fears the U.S. will “print money” to pay off its debts, which creates a different problem for bondholders.
Yields in the Treasury market are rising, threatening to make it more expensive for consumers and the U.S. to manage debt.
Moody’s downgrades the U.S. credit rating for the first time since 1919, citing rising debt. Crypto markets react with Bitcoin and Ethereum slipping as investors weigh broader economic risks.