Treasury revenues rise in dollars amid financial concerns after the United States is reduced

Written by Caroline Valtikafic

New York (Reuters)-Treasury revenues have gained wings, while the dollar fell on Monday amid concerns about the burden of American debt and the tax cutting bill, after MOODY was reduced in the country’s sovereign credit rating.

The main American stock indexes from early losses to finish today are flat to a little top.

Late Friday, Moody’s Investors has reduced the US sovereign credit rating from the first three, while highlighting the country’s deteriorating financial expectations.

US draft law Donald Trump for the sprawling tax was approved by the main congress committee on Sunday. Republicans, who control the US House of Representatives, will try to push the bill towards passing this week.

The Treasury’s return for 30 years for 18 months was 18 months before the levels of those levels. Investors were concerned that the tax bill would increase the debt burden more than previously expected.

The 3.7 -year bond yield has gained 3.7 basis points to 4.934 % after touching 5.037 %, which is the highest since November 2023. The return on standard notes for 10 years increased 3 basis points to 4.469 %, after reaching 4.564 %, which is the highest since April 11.

“What Moodyz did was more symbolic than anything else. Other agencies had already reduced debts,” said Peter Kardlo, chief economist at Spartan Capital Cicuretes in New York.

“Yes, the returns are moving higher in the news … but they are moving for other reasons as well,” he added. “In general, the (stock) market does not really interact with MOODY Declaration. Instead, it is a market that has been launched and is looking to unify its recent movements.”

The classification of Moody’s similar moves is followed by Fitch in 2023 and Standard & Poor’s in 2011.

On Sunday, US Treasury Secretary Scott Beesen used television interviews to reject the classification.

On Monday, some federal reserve officials commented on the American market after the classification. Speaking at a conference held by the New York Mortgage Banking Association, New York Reserve Chairman John Williams said that investors are “clearly” weighing future options.

However, he said that investors “looked at” continued “to look at the United States as” a great place to invest, including the treasury and fixed income assets, so I think this narration still exists. “

The Dow Jones industrial average increased 137.33 points, or 0.32 %, to 42,792.07, S&P rose 500 5.22 points, or 0.09 %, to 5,963.60 and the nasdaq boat rose 4.36 points, or 0.02 %, to 19215.46.