Lates News

Following the downgrade of the United States' sovereign credit rating by international credit rating agency Moody's, US Treasury bonds experienced large-scale selling. On the 19th local time, the yield on 30-year US Treasury bonds surged, briefly exceeding 5% during trading. At the same time, the yield on 10-year US Treasury bonds breached 4.5% on the 19th. Bloomberg quoted financial executive Max Kaufman as saying that, given the deteriorating US fiscal situation, the downgrade of the US sovereign credit rating was not unexpected. Furthermore, Bloomberg's analysis suggests that the rise in US bond yields may strengthen market doubts about the US dollar. Bloomberg's US Dollar Index has fallen to near the lows of April. The sentiment index of options traders has dropped to the most pessimistic level in 5 years. (CCTV Finance)