U.S. bonds soar on worry about downgrade's impact

Mr.DittoheadOld Faithful

U.S. Treasury prices soared on Monday after the first credit downgrade of U.S. debt caused investors to flee risky assets in favor of bonds on concern over the ripple effects of the ratings cut.

Treasuries benefited at the expense of risky assets including stocks, as investors maintained confidence that U.S. government debt may still be among the world's safest assets, if no longer risk free.

http://www.reuters.com/article...dUSTRE7773SI20110808

8/8/115:46 PM

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interventor1212Old Faithful

What’s the difference between a corporate jet landing and Obama flying in? With Air Force One, even when they switch the engines off, all you can hear is the whining.

8/8/116:21 PM

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interventor1212Old Faithful

Of the World's Mature Economies, The US is Still the Leper with the Most Fingers

8/8/116:24 PM

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