Moody's Warning Adds Fuel To US Treasuries' Carnage Amid Shutdown Concerns
Portfolio Pulse from Piero Cingari
Moody's has warned that a potential US government shutdown could have credit implications and expose the fragility of US institutional and governance structures. This comes amid a surge in Treasury bond yields following the Federal Reserve's commitment to keep interest rates higher for longer. The iShares 20+ Year Treasury Bond ETF (NYSE:TLT) experienced a sharp selloff, with a more than 2% decline on Monday.
September 25, 2023 | 7:50 pm
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The iShares 20+ Year Treasury Bond ETF (NYSE:TLT) experienced a sharp selloff, with a more than 2% decline on Monday, amid concerns over a potential US government shutdown and rising Treasury bond yields.
The potential US government shutdown and rising Treasury bond yields have led to increased uncertainty in the market, resulting in a selloff of bond-related assets including the iShares 20+ Year Treasury Bond ETF (NYSE:TLT). This has resulted in a more than 2% decline in its value on Monday.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100