top of page

U.S. Treasury's AAA to AA+ Downgrade: Triggering Fiscal Concerns and Yield Volatility

  • Ballestas Group
  • Aug 4, 2023
  • 1 min read

The credit rating agency Fitch has downgraded the sovereign's credit quality by one notch, transitioning from AAA to AA+. This decision was prompted by the anticipation of fiscal deterioration over the course of the next three years, coupled with a mounting and expanding burden of public debt, and a gradual erosion of governance. This downward trend in governance can be observed through the recurring conflicts surrounding debt limits and budget disagreements, which have consistently been resolved in the eleventh hour over the past two decades. The downgrade occurred on Tuesday, a mere day after the Treasury Department's announcement that it intends to secure a borrowing of approximately $1.85 billion during the latter half of the year, with $1 billion earmarked for the third quarter.


Recent Posts

See All

Comentarios


ballestas-logo-blanco-1.png

Securities Offered Through Bolton Global Capital, Inc. Member FINRA, SIPC 

Advisory Services Offered Through
Bolton Global Asset Management, a SEC Registered Investment Advisor

Ballestas Group, Bolton Global Capital and Bolton Securities are not affiliated with BNY Mellon or Pershing, LLC.

State securities laws require that your Financial Representative be registered in the state in which you live.  For this listing, please refer to the Broker Check Link provided.

Check the background of your financial professional or our broker-dealers and registered investment advisor on FINRA's BrokerCheck. ​Bolton Global Capital, Bolton Global Asset Management and their financial professionals do not provide tax services. Copyright Bolton Global Capital, LLC, a registered broker-dealer.  For more information, visit https://finra.org or https://sipc.org.  Copyright Bolton Securities Corporation, d/b/a Bolton Global Asset Management and other trade names, a federally registered investment advisor.

 

Click on the following LINK for copies of the firms’ Form ADV, Client Relationship Summary, Brokerage and Advisory Accounts Fee and Conflicts Disclosure and other important disclosure information.

Ballestas Group © 2023. All Rights Reserved.

MB1/MBA0001d

bottom of page