2nd August 2023

  • US Stripped of AAA Rating by Fitch as Budget Deficits Swell

Downgrade reflects expected fiscal deterioration, Fitch says

US Treasury futures push higher in early Asia trading

https://blinks.bloomberg.com/news/stories/RYQY33DWLU68

  • Treasury 30-Year Yield Jumps to Highest Level Since November

US 30-year yield climbs as much as 10 basis points to 4.11%

Treasury Department set to ramp up issuance of longer notes

https://blinks.bloomberg.com/news/stories/RYQAQKDWLU68

  • Treasuries Are Still In a Class of Their Own Despite Fitch Cut

Two-year US yields fell three basis points in Asia trading

Treasuries seen as a haven, similar to previous US downgrade

https://blinks.bloomberg.com/news/stories/RYQRQ2DWLU68

  • ‘Summer of Disinflation’ Likely to Prod Fed to Skip in September

Falling used-car prices, moderating rents show less pressures

Student loan repayment and potential shutdown will be watched

https://blinks.bloomberg.com/news/stories/RYIWTLT1UM0W

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