The United States lost its last AAA credit rating, causing a simultaneous decline in U.S. treasuries, the dollar, and U.S. stock index futures.

Long-term US Treasury bonds fell on Monday as Moody's announced the cancellation of the United States' top credit rating, with investors shifting their focus to the increasing debt in the United States. The yield on 30-year US Treasury bonds rose 8 basis points to 5.02%, the highest level since November 2023. The benchmark 10-year Treasury bond yield rose 7 basis points to 4.55%. The US dollar weakened against all G10 currencies, with the euro rising 1% to $1.1274. Moody's announced late Friday that it was downgrading the US rating from Aaa to Aa1, heightening Wall Street's concerns about the US fiscal outlook, while Congress debates further tax cut measures that have yet to find funding support. Moody's blamed the continuously expanding budget deficit on past presidents and Congress, noting that there is currently no sign of the deficit decreasing. "I wouldn't overemphasize the importance of this downgrade, but it exacerbates the existing trend of 'de-dollarization,'" said Jordan Rochester, Head of Macro Strategy for Europe, the Middle East, and Africa at Nomura International.