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US equity futures down as the market weighs Fitch downgrade
US equity futures are down 33 points to 4568 shortly ahead of the open. That's down about 0.7% but above the 4552 low set early in Europe.Selling re-accelerated after the Treasury's quarterly refunding announcement showed larger auction sizes. That boosted Treasury yields, especially at the long end with US 30s now up 5.2 bps to 4.15%, which is a high for the year.The main news of the day is that Fitch lowered the US's credit rating to AA+ from AAA, joining S&P which did the same 12 years ago. A...
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Posted: Aug 2 2023, 13:10
Author Name: forexlive
Views: 102056