Markets show little reaction to Moody's warning about lowering ratings outlook on Treasurys, as experts believe it is not a significant event.
Markets on Monday shrugged at a warning Friday from Moody's Investor's Service that it was lowering its ratings outlook on Treasurys . "There's no piercing insight from Moody's that they have proprietary information that nobody knows about the U.S. government. So, it's really a nonevent," said Glenmede strategist Michael Reynolds.Traders work on the floor of the New York Stock exchange during morning trading on November 10, 2023 in New York City.There was a time when bad news about U.S.
debt would send markets into a tailspin, but not this month.that it was lowering its ratings outlook on Treasurys. The big-three ratings agency said high levels of government debt and deficits coupled with political brinkmanship in Washington could jeopardize the global standing of government-issued fixed income. When Standard & Poor's and Fitch issued similar warnings, they sent at least temporary shockwaves through Wall Street. But with the domestic fiscal and political mess seemingly old news, the ratings service saber-rattling just doesn't seem to have the same impac
Markets Moody's Warning Ratings Outlook Treasurys Government Debt Deficits Political Brinkmanship Global Standing Fixed Income
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