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US equity futures down as the market weighs Fitch downgrade

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... Read More
Posted: Aug 2 2023, 13:10
Author Name: forexlive
Views: 102056

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