Obama’s Lost AAA Brings Falling Yields-to-Deficits on Downgrade

Obama’s Lost AAA Brings Falling Yields-to-Deficits on Downgrade

Jin Lee/Bloomberg

Traders work on the floor of the New York Stock Exchange (NYSE) in New York on June 13, 2013. Attempting to predict the market consequence of a rating change has proven to be little different than flipping a coin.