Why corporate bonds may be ‘fairly guarded’ from Moody’s downgrade of U.S. debt - MarketWatch
1. Moody's downgraded U.S. debt rating from Aaa to Aa1 due to fiscal concerns. 2. Corporate bonds are generally safeguarded; balance sheets remain strong. 3. Long-term Treasury yields increased, but AGG remained stable with minimal movement. 4. Expectations of U.S. economic resilience could limit rate hikes by the Fed. 5. Tax and spending legislation developments are critical for market outlook.