"Safe-haven flows saw U.S. Treasury prices erase early losses on Monday, pushing down yields on the securities despite Standard & Poor’s unprecedented decision to cut the U.S. government’s credit rating by a notch below AAA." Marketwatch.com
Got to love all people bitching about S&P doing something "unprecendented". Looking at a graph of US deficit and seeing the level of debt clearly shows the root of the evil. Money junkie governement...
The analyst who had the guts to downgrade the US is a hero in my eyes. If I saw correctly from the S&P press release, he's canadian :)
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