Skip to content
Daily News
US Job Openings Hit More Than Two-Year Low; Labor Market Still Tight
Trump Indicted On Federal Charges In 2020 Election Probe
Published by: dailynews
Published on:

US Treasury Yields Edge Lower After Fitch Downgrade

Published by: dailynews
Published on:

U.S. Treasury yields edged down in Tokyo on Wednesday after ratings agency Fitch lowered the country’s top credit rating.

The 10-year Treasury note declined about 3.2 basis points (bps) to 4.015% as of 0017 GMT, retracing part of its 9 bps rise from Tuesday.

Fitch overnight downgraded the U.S. government’s rating to AA+ from AAA, citing an expected fiscal deterioration over the next three years as well as a high and growing general government debt burden. It had placed the rating on watch for a possible cut in May.

Read the full story onĀ Reuters here.