• Tweet

• Tweet

Standard & Poor’s downgraded the US long-term rating from AAA to AA+ with a negative outlook Friday night, for the first time in history. While this is an important announcement for political and historic reasons, it is not expected that the impact of the rating change will be significant, however with the lack of clarity about the ramifications of the downgrade to cause added volatility in the markets. Equities are slated to open down this morning, while mortgage backed securities are fairly flat from our re-price Friday afternoon.

 Printer Friendly Version