US-10 Year bond yields reached 4.55%, a 0.06 percentage point rise, today (19 May), according to MarketWatch.
The S&P 500 and Nasdaq closed 0.7% and 0.5% up, respectively, on May 16. However, futures have predicted drops of close to 1.3% for the S&P 500 and over 1.6% for the Nasdaq.
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This follows Moody’s Ratings downgrading the US from an Aa1 rating to Aaa, despite upgrading the country’s status from ‘negative’ to ‘stable’.
Moody’s said that the downgrade “reflects the increase over more than a dec…
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