Yields up: implications of the U.S. credit downgrade (August 7, 2023)

Yields have moved meaningfully higher in the last week, but it’s
not all because of the U.S. credit rating downgrade. This week,
Lauren Goodwin and Julia Hermann discuss not just what the
downgrade implies for U.S. economic health, but also how Treasury
issuance and a decision by the Bank of Japan are pressuring
financing costs higher.