Moodys downgrades JPM, BofA and Wells Fargo
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Long-term US borrowing costs surged to their highest level since late 2023 on Monday, as a fresh downgrade of the country’s credit rating and new fiscal legislation pushed bond markets into retreat and revived investor concerns over the sustainability of American debt, the Financial Times reported.
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Free Malaysia Today on MSN‘Sell America’ sentiment revived after Moody’s cutInvestors are facing yet another bumpy start to the trading week with US assets coming under fresh pressure, although it's mounting concern over American debt rather than tariffs generating the volatility this time.