by: xpoolPosted on:

U.S. Treasury Auction Yields Soar Following Moody’s Downgrade

The U.S. Treasury held a $16 billion auction, generating yields of 5.047% that marked a significant increase following Moody’s credit downgrade. This move came amidst heightened concerns about the stability and solvency of U.S. debt, leading to sharp declines in major indices like the S&P 500, Nasdaq, and Bitcoin.

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