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19th May 2025 | view in browser
US debt downgrade lifts yields, EZ cuts growth outlook

Moody’s downgrade of US government debt has pushed US 10-year yields above 4.55%, while the dollar index has slid to a 10-day low. The advancement of President Trump’s expansive tax and spending package by a key House committee adds fiscal strain, though Treasury Secretary Bessent has downplayed the downgrade’s significance.
 
 

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