Michael M. Santiago | Getty ImagesThere was a time when bad news about U.S. debt would send markets into a tailspin, but not this month.
Markets on Monday shrugged at a warning Friday from Moody's Investor's Service that it was lowering its ratings outlook on Treasurys.
But with the domestic fiscal and political mess seemingly old news, the ratings service saber-rattling just doesn't seem to have the same impact.
"There's no piercing insight from Moody's that they have proprietary information that nobody knows about the U.S. government.
watch nowIndeed, no one has to tell investors about the $33.7 trillion U.S. debt and the $1.7 trillion deficit in fiscal 2023.
Persons:
Michael M, Fitch, There's, Michael Reynolds
Organizations:
New York Stock, Santiago, Moody's Investor's, Poor's, U.S, Glenmede Investment Management, .
Locations:
New York City, Washington, Wall