Bond yields jump after Moody’s downgrade of U.S. credit. Why it matters for consumers — and Congress. - MarketWatch
1. Moody's downgraded U.S. credit ratings, affecting Treasury yield performance. 2. Foreign demand for Treasurys is decreasing amid rising concerns over the U.S. deficit. 3. Higher Treasury yields could lead to increased borrowing costs for U.S. consumers. 4. Tax bill proposals could add up to $6 trillion to the U.S. deficit. 5. Sustained high rates could challenge U.S. government's financial stability.