Moody’s downgrade ripples through bond market, causes worries for stocks
By Davide Barbuscia and Lewis Krauskopf NEW YORK (Reuters) -Moody’s U.S. debt downgrade is raising concerns that investors could reevaluate their appetite for U.S. government bonds, with the potential for rising yields to put pressure on stocks that are trading at elevated valuations. Moody’s decision to downgrade the U.S. debt rating by a notch late …
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