🤔
Bloomberg: The dollar and U.S. government bonds are falling against the background of the loss of AAA rating.
◽️Moody’s rating agency lowered the U.S. credit rating from Aaa to Aa1, increasing investors’ fears about the national debt.
◽️30-year government bonds reached a yield of 5.03% (maximum since 2023).
◽️The dollar weakened against all G10 currencies, the euro rose by 1%.
◽️The U.S. budget deficit is approaching $2t (6% of GDP), and the public debt may reach 107% of GDP by 2029.
◽️Investors continue to discuss «de-dollarization», and the U.S. Treasury Department calls Moody’s decision a «lagging indicator».