U.S. Futures Slide And Treasury Yields Rise After Moody's Credit Rating Cut

1. Moody's downgraded the U.S. credit rating to Aa1, impacting market sentiment. 2. S&P 500 futures fell nearly 1.3% after the downgrade announcement. 3. 30-year Treasury yields rose above 5%, first time since October 2023. 4. Rising government debt and interest ratios were cited as key downgrade factors. 5. Republican budget plans may increase federal debt by $3.3 trillion over 10 years.