U.S. 30-Year Treasuries Maintain Loss as S&P Warns on U.S. Debt
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Treasury 30-year bonds held a loss from yesterday after Standard & Poor’s followed Moody’s Investors Service in warning it may cut its AAA rating for the U.S. if officials fail to resolve their debt ceiling stalemate.
Credit-default swaps covering the U.S., which provide protection in case the government is unable to meet its debt obligations, rose to a 17-month high. Bonds will probably lag behind stocks, Fidelity Investments, the Boston-based fund company that oversees $1.66 trillion, wrote in a report.