U.S. Treasury yields edged larger on Monday, with traders largely shrugging off a choice by scores company Moody’s to downgrade its outlook on the U.S. credit score rating.
Moody’s late on Friday lowered its outlook on the U.S. AAA credit score rating to “negative” from “stable” citing giant fiscal deficits and a decline in debt affordability. Treasury yields edged marginally larger in London, with analysts anticipating little affect given prior downgrades of the U.S. rating.
