Treasurys Drop on S&P Warning (S&P lowers outlook on US debt to negative)

[villager]

Source: WSJ

Treasurys Drop on S&P Warning

BY CYNTHIA LIN

NEW YORK—Longer-dated Treasurys dove into negative territory after Standard & Poor's put the United States on negative credit watch.

While the ratings agency affirmed the country's triple-A rating, it revised its outlook on U.S. credit to negative from stable.

" has been saying there are lots of financial risks in the U.S. and the U.S. does not have a lot of time before spiraling into a debt problem," ...

Read more: http://online.wsj.com/article/SB10001424052748704004004576270624133825548.html?mod=WSJ_latestheadlines

[Turbineguy]

1. Jawboning the market down?

Enter Benanke, Loyal, Fearless and Trustworthy?

Commentator on CNBC quipped that people could have gone to any Teaparty rally to learn what S&P just told us.

[loudsue]

4. More smoke & mirrors. There are some really nasty assholes

who are manipulating finances in the USA. S&P can kiss my lilly white ass, as they're a big part of the problems we've had. They manipulated the mortgage markets before they crashed by rating everything high. All it is is a game to some big players. They all need to have the hell regulated out of them.

[elleng]

2. Well 'spiraling' is surely not far off, but to rely on a damned

'rating agency' for this 'news' is nothing short of treason, imo.

[neoralme]

3. Exactly. They should be burned to the ground.