S&P Shocks Washington, but No One Else |
| April 22, 2011 | April 2011 Bond Updates |
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On Monday, S&P issued a AAA rating on US debt while sending a warning shot across the bow by downgrading the outlook to "negative." This maneuver made immediate media headlines and solicited a quick response from Treasury that "all is well". Stock prices plunged on the news, but soon recovered. Bonds prices, on the other hand, barely budged. |
| View more at: http://blogs.forbes.com/rickferri/2011/04/21/sp-shocks-washington-but-no-one-else/ |
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