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Morning Note | August 2, 2023 | US Gets Downgraded By Fitch, Western Asset Increases Payouts
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Morning Note | August 2, 2023 | US Gets Downgraded By Fitch, Western Asset Increases Payouts

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Yield Hunting
Aug 02, 2023
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Morning Note | August 2, 2023 | US Gets Downgraded By Fitch, Western Asset Increases Payouts
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Good Morning!

Futures are down after ratings agency Fitch downgraded the US credit rating to AA+.  Markets as a whole were down between half a point and a point as, on top of the downgrade, second quarter earnings came in a bit light.

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