Bacon King
Atlas Politician
Atlas Icon
Posts: 18,833
Political Matrix
E: -7.63, S: -9.49
|
 |
« on: August 02, 2014, 07:32:44 AM » |
|
from the article:
Investors routinely ignore ratings companies’ decisions. In almost half the instances, yields on government bonds fall when a rating action by Moody’s and S&P suggests they should climb, or they increase even as a change signals a decline, according to data compiled in 2012 by Bloomberg on 314 upgrades, downgrades and outlook changes going back as far as the 1970s. When S&P downgraded the U.S. government in August 2011, bonds rose and pushed Treasury yields down to records.
|
