Stocks sink as US credit downgrade roils markets

Fitch's downgrade is unlikely to hurt Treasuries' status as a safe asset. Here's whyWill Fitch's downgrade mar the reputation of US Treasuries as the ultimate safe asset?"Any credit rating movement would be more of an embarrassment to the US than an impact to investors,” said Patrick Klein, portfolio manager at Franklin Templeton Fixed Income.

“The US government issues something the rest of the world desperately wishes it had,” Josh Lipsky, senior director of the Atlantic Council’s GeoEconomics Center and former adviser at the International Monetary Fund, wrote in May. Other safe assets exist but pale in comparison to Treasuries. Gold, for example, is a haven prized for its price stability even when the rest of the market experiences volatility.

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Fitch downgrades US debt rating | CNN BusinessJUST IN: Credit rating agency Fitch has downgraded the US rating from its highest AAA rank to AA+
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Stocks fall, Treasuries gain after Fitch downgrades US rating By Reuters⚠️BREAKING: *GLOBAL STOCKS FALL, TREASURIES GAIN AFTER FITCH DOWNGRADES U.S. DEBT RATING
منبع: Investingcom - 🏆 450. / 53 ادامه مطلب »