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.
The S&P 500 was 0.9 percent lower in early trading after Moody’s Ratings became the last of the three major credit-rating agencies to say the US federal government no longer deserves a top-tier “Aaa” rating.