The downgrade of the U.S. credit rating to Aa1 by Moody's has shaken global markets, fueling renewed concerns about fiscal stability and accelerating the sentiment of de-dollarization:
⚫️ The yield on 30-year Treasury bonds reached 5.03%, while the yield on 10-year bonds rose to 4.55%, the highest level since November 2023.
⚫️ The dollar fell against all G10 currencies, while the euro rose by 1% to 1.1288 dollars.
⚫️ The U.S. budget deficit is approaching 2 trillion dollars (6% of GDP) and the national debt could reach 107% of GDP by 2029.
⚫️ Moody's projects that the deficit will widen to 9% of GDP by 2035, driven by interest payments and social benefits spending.
