Markets flinch on Moody's news

Markets flinch on Moody's news

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Investors reacted swiftly Monday morning to the U.S. losing its last triple-A credit rating, briefing sending the yield on 30-year Treasuries above 5%. Why it matters: Credit rating downgrades — like Moody's decision Friday to slash the U.S. government to Aa1 — mean the borrower is now viewed as…

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