美国股债汇盘后齐跌！穆迪下调美国信用评级至Aa1，担忧政府赤字

华尔街见闻05-17

周五美股盘后消息显示，由于美国政府债务不断增加，穆迪评级公司下调了美国的信用评级，从最高级别Aaa下调至Aa1，并将评级展望从“负面”调整为“稳定”。受此消息影响，纳指和标普500 ETF美股盘后均下跌，美国10年期国债收益率短线从4.44%拉升至4.48%上方，整体涨幅扩大至5个基点。穆迪的这一决定这意味着美国已被三大评级机构全部降级。值得注意的是，此前标普全球和惠誉下调美国信用评级时，美股...

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嘞撸虎7
·05-17
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特没有普
·05-17
消息的發佈比Moomoo慢很多很多
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美国股债汇盘后齐跌！穆迪下调美国信用评级至Aa1，担忧政府赤字\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-05-17 07:07 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3747285><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>周五美股盘后消息显示，由于美国政府债务不断增加，穆迪评级公司下调了美国的信用评级，从最高级别Aaa下调至Aa1，并将评级展望从“负面”调整为“稳定”。受此消息影响，纳指和标普500 ETF美股盘后均下跌，美国10年期国债收益率短线从4.44%拉升至4.48%上方，整体涨幅扩大至5个基点。穆迪的这一决定这意味着美国已被三大评级机构全部降级。值得注意的是，此前标普全球和惠誉下调美国信用评级时，美股...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3747285\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://wallstreetcn.com/articles/3747285","article_id":"1194073701","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750"],"rights":{"source":"wallstreetcn_api","url":"https://wallstreetcn.com/articles/3747285","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1194073701","pubTimestamp":1747436834,"columns":[],"sourceInfo":{"source_id":"wallstreetcn_api","name":"华尔街见闻"},"weMediaInfo":null,"summary":"周五美股盘后消息显示，由于美国政府债务不断增加，穆迪评级公司下调了美国的信用评级，从最高级别Aaa下调至Aa1，并将评级展望从“负面”调整为“稳定”。穆迪的这一决定这意味着美国已被三大评级机构全部降级。值得注意的是，此前标普全球和惠誉下调美国信用评级时，美股无一例外都是大跌了一波。媒体报道，此次美国信用评级下调为一级，并非突然之举。","collect":0,"end_time":0,"defaultTopTitle":"wallstreetcn.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"translate_title":"U.S. stocks, bonds and exchange rates all fell after the market! Moody's downgrades U.S. credit rating to Aa1, worries about government deficits","themeId":"eb2c482a8602b0b7efc8344bcfc907e3","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/c750c8e8bd96a3ae1a18d99b6f30ab21","symbols_score_info":{".IXIC":1.1,".SPX":1.1,".DJI":1.1},"content_text":"周五美股盘后消息显示，由于美国政府债务不断增加，穆迪评级公司下调了美国的信用评级，从最高级别Aaa下调至Aa1，并将评级展望从“负面”调整为“稳定”。受此消息影响，纳指和标普500 ETF美股盘后均下跌，美国10年期国债收益率短线从4.44%拉升至4.48%上方，整体涨幅扩大至5个基点。穆迪的这一决定这意味着美国已被三大评级机构全部降级。值得注意的是，此前标普全球和惠誉下调美国信用评级时，美股无一例外都是大跌了一波。由于美国政府债务不断增加，穆迪评级公司（Moody’s Ratings）周五盘后下调了美国的信用评级，从最高级别Aaa下调至Aa1，并将评级展望从“负面”调整为“稳定”。这一具有标志性的决定令外界对美国作为全球最优质主权借款国的地位产生疑问。受此消息影响，纳指和标普500 ETF美股盘后均下跌，美国10年期国债收益率短线从4.44%拉升至4.48%上方，整体涨幅扩大至5个基点。两年期美债收益率涨4.5个基点，刷新日高至4.0037%。ICE美元指数短线下挫大约15点。此前，惠誉评级（Fitch Ratings）和标普全球评级（S&P Global Ratings）已将美国评级调至AAA以下，穆迪的这一决定这意味着全球最大经济体已被三大评级机构全部降级。值得注意的是，此前标普全球和惠誉下调美国信用评级时，美股无一例外都是大跌了一波。媒体报道，此次美国信用评级下调为一级，并非突然之举。早在一年多前，穆迪就已将美国信用评级展望调整为“负面”。此次评级下调后，穆迪将展望调整为“稳定”。对削减赤字和支出前景持悲观态度穆迪指出，此次下调反映出美国政府债务与利息支付比例在过去十多年中持续攀升，现已远高于同等级别的其他主权国家。该机构表示，多届美国政府和国会始终未能就削减年度财政赤字和利息支出的措施达成一致，不认为当前正在讨论的财政方案能够在未来多年实现实质性削减强制性支出和赤字。预计未来十年，由于福利类支出不断增长而政府收入维持平稳，美国财政赤字将进一步扩大，政府债务和利息负担也将不断上升。相比美国过去的财政状况以及与其他高评级国家的比较，美国的财政表现将持续恶化。根据穆迪的报告，在过去十多年里，美国政府债务急剧增加，主要源于持续性的财政赤字。在此期间，政府开支持续上涨，而减税政策则削弱了财政收入。在赤字与债务不断扩大的同时，利率上升进一步推高了政府的利息支出。该机构认为，若不调整税收与开支政策，美国预算灵活性将继续受限。穆迪预计，到2035年，包括利息支出在内的强制性支出将占政府总支出的78%，高于2024年的73%。若2017年的《减税与就业法案》得以延续，未来十年将额外增加约4万亿美元的结构性赤字（不含利息支出），这也是穆迪的基准预期。因此，穆迪预计美国联邦财政赤字将从2024年占GDP的6.4%扩大至2035年的近9%，主要受债务利息支出、福利类支出增加，以及收入增长缓慢所驱动。同时，到2035年，美国联邦债务负担预计将达到GDP的134%，远高于2024年的98%。此外，尽管美债依然受到强劲市场需求支持，但自2021年以来收益率持续上升，已令债务承受能力下降。预计到2035年，联邦利息支出将占财政收入的约30%，高于2024年的18%与2021年的9%。2024年，美国广义政府（联邦、州与地方）利息负担已占总收入的12%，而Aaa级主权国家的平均水平仅为1.6%。评级展望调整为“稳定”下调评级后，穆迪将评级展望定为“稳定”，意味着在Aa1评级下，正负风险大致平衡。穆迪指出，美国依然拥有诸多“非凡的信用优势”，包括经济规模庞大、具有韧性和活力，以及美元作为全球储备货币的地位。穆迪表示，美国经济规模庞大、人均收入高、增长潜力强，且具备持续创新能力，有利于提高生产率和GDP增长。尽管在短期内美国经济可能因应对高关税政策而放缓，穆迪仍不认为长期增长潜力会受到显著影响。此外，美元作为全球主导储备货币的地位，为美国提供了巨大的信用支持。这一地位带来了广泛的好处，使政府得以以较为温和和可预测的成本融资大规模赤字并再融资庞大的债务。尽管全球央行近年来有多元化储备趋势，但穆迪预计美元仍将在可预见的未来保持主导地位。","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":435835710628536,"gmtCreate":1747441206079,"gmtModify":1747441208928,"author":{"id":"4092032122452460","authorId":"4092032122452460","name":"嘞撸虎7","avatar":"https://static.tigerbbs.com/451ff62190f624c13c07b54476dd5930","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":11,"crmLevelSwitch":1,"authorIdStr":"4092032122452460","idStr":"4092032122452460"},"htmlText":"閱","listText":"閱","text":"閱","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/435835710628536","repostId":1194073701,"repostType":2,"repost":{"id":"1194073701","kind":"news","pubTimestamp":1747436834,"share":"https://ttm.financial/m/news/1194073701?lang=en_US&edition=fundamental","pubTime":"2025-05-17 07:07","market":"us","language":"zh","title":"U.S. stocks, bonds and exchange rates all fell after the market! Moody's downgrades U.S. credit rating to Aa1, worries about government deficits","url":"https://stock-news.laohu8.com/highlight/detail?id=1194073701","media":"华尔街见闻","summary":"周五美股盘后消息显示，由于美国政府债务不断增加，穆迪评级公司下调了美国的信用评级，从最高级别Aaa下调至Aa1，并将评级展望从“负面”调整为“稳定”。穆迪的这一决定这意味着美国已被三大评级机构全部降级。值得注意的是，此前标普全球和惠誉下调美国信用评级时，美股无一例外都是大跌了一波。媒体报道，此次美国信用评级下调为一级，并非突然之举。","content":"<p><html><head></head><body>After-hours news on Friday showed that due to the increasing U.S. government debt, Moody's Ratings downgraded the U.S. credit rating from the highest level Aaa to Aa1, and adjusted the rating outlook from \"negative\" to \"stable\". Affected by this news, both the Nasdaq and S&P 500 ETF U.S. stocks fell after hours. The U.S. 10-year Treasury Bond yield rose from 4.44% to above 4.48% in the short term, and the overall increase expanded to 5 basis points. This decision by Moody's means that the United States has been downgraded by all three major rating agencies. It is worth noting that when S&P Global and Fitch downgraded the U.S. credit rating, U.S. stocks all fell sharply without exception.</p><p><p style=\"text-align: justify;\">Moody's Ratings downgraded the credit rating of the United States after hours Friday, from its highest grade Aaa to Aa1, and revised its rating outlook from \"negative\" to \"stable\" due to mounting U.S. government debt. This landmark decision makes the outside world question the status of the United States as the best sovereign borrower in the world.</p><p><p style=\"text-align: justify;\">Affected by this news, both the Nasdaq and S&P 500 ETF U.S. stocks fell after hours. The U.S. 10-year Treasury Bond yield rose from 4.44% to above 4.48% in the short term, and the overall increase expanded to 5 basis points. The two-year U.S. Treasury yield rose 4.5 basis points, setting a new daily high of 4.0037%. ICE the US Dollar Index fell about 15 points in the short term.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ebb1dd83aedd30e078d0a265b0412bf\" title=\"\" tg-width=\"867\" tg-height=\"829\"/></p><p><p style=\"text-align: justify;\">Previously, Fitch Ratings and S&P Global Ratings had downgraded the U.S. rating below AAA. Moody'S'S decision means that the world'S largest economy has been downgraded by all three major rating agencies. It is worth noting that when S&P Global and Fitch downgraded the U.S. credit rating, U.S. stocks all fell sharply without exception.</p><p><p style=\"text-align: justify;\">According to media reports, the downgrade of the US credit rating to Level 1 is not a sudden move. As early as more than a year ago, Moody's had adjusted its outlook for the U.S. credit rating to \"negative\". Following this downgrade, Moody's revised its outlook to \"stable.\"</p><p><h2 id=\"id_1143470706\">Bearish on deficit reduction and spending prospects</h2><p style=\"text-align: justify;\"><strong>Moody's pointed out that this downward adjustment reflects that the ratio of U.S. government debt to interest payments has continued to rise in the past decade or so, and is now much higher than that of other sovereign countries at the same level.</strong></p><p><p style=\"text-align: justify;\"><strong>The agency said that several U.S. governments and Congress have never been able to reach an agreement on measures to reduce annual fiscal deficits and interest expenditures, and do not believe that the fiscal plan currently under discussion can achieve substantial reductions in mandatory expenditures and deficits in the coming years. It is expected that in the next decade, due to the increasing welfare expenditure and the stable government revenue, the U.S. fiscal deficit will further expand, and the government debt and interest burden will also continue to rise.</strong></p><p><p style=\"text-align: justify;\">Compared with the past fiscal situation of the United States and compared with other high-rated countries, the fiscal performance of the United States will continue to deteriorate.</p><p><p style=\"text-align: justify;\">According to Moody's report, in the past decade or so, the U.S. government debt has increased sharply, mainly due to the persistent fiscal deficit. During this period, government spending continued to rise, while tax cuts weakened fiscal revenue. While the deficit and debt continue to expand, rising interest rates have further pushed up the government's interest expenditure.</p><p><p style=\"text-align: justify;\"><strong>The agency believes that if tax and spending policies are not adjusted, U.S. budget flexibility will continue to be limited.</strong>Moody's expects mandatory spending, including interest expenses, to account for 78% of total government spending by 2035, up from 73% in 2024. If the Tax Cuts and Jobs Act of 2017 is continued, an additional structural deficit (excluding interest expenses) of about $4 trillion will be added in the next decade, which is also Moody's's benchmark forecast.</p><p><p style=\"text-align: justify;\">Therefore, Moody's expects the U.S. federal fiscal deficit to expand from 6.4% of GDP in 2024 to nearly 9% in 2035, mainly driven by increased debt interest expenditures, welfare expenditures, and slow income growth. At the same time, the U.S. federal debt burden is expected to reach 134% of GDP by 2035, much higher than 98% in 2024.</p><p><p style=\"text-align: justify;\">In addition, although U.S. bonds are still supported by strong market demand, yields have continued to rise since 2021, which has reduced debt affordability. Federal interest expenses are expected to account for about 30% of fiscal revenue by 2035, up from 18% in 2024 and 9% in 2021. In 2024, the interest burden of broad government (federal, state and local) in the United States already accounts for 12% of total revenue, while the average level of Aaa sovereign countries is only 1.6%.</p><p><h2 id=\"id_2882750957\">Rating outlook adjusted to \"stable\"</h2><p style=\"text-align: justify;\">After the downgrade, Moody's set the rating outlook at \"stable,\" meaning that under the Aa1 rating, the positive and negative risks are roughly balanced. Moody's pointed out that the United States still has many \"extraordinary credit advantages\", including its large, resilient and dynamic economy, and the status of the US dollar as the global reserve currency.</p><p><p style=\"text-align: justify;\">Moody's said that the U.S. economy is huge, its per capita income is high, its growth potential is strong, and it has the ability to continuously innovate, which is conducive to improving productivity and GDP growth. Although the U.S. economy may slow down in the short term in response to high tariff policies, Moody's still does not believe that the long-term growth potential will be significantly affected.</p><p><p style=\"text-align: justify;\">In addition, the status of the US dollar as the world's dominant reserve currency provides huge credit support for the United States. This status brings broad benefits, allowing governments to finance large deficits and refinance large debts at more modest and predictable costs. Despite the trend of global central banks to diversify reserves in recent years, Moody's expects the US dollar to remain dominant for the foreseeable future.</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stocks, bonds and exchange rates all fell after the market! Moody's downgrades U.S. credit rating to Aa1, worries about government deficits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks, bonds and exchange rates all fell after the market! Moody's downgrades U.S. credit rating to Aa1, worries about government deficits\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2025-05-17 07:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>After-hours news on Friday showed that due to the increasing U.S. government debt, Moody's Ratings downgraded the U.S. credit rating from the highest level Aaa to Aa1, and adjusted the rating outlook from \"negative\" to \"stable\". Affected by this news, both the Nasdaq and S&P 500 ETF U.S. stocks fell after hours. The U.S. 10-year Treasury Bond yield rose from 4.44% to above 4.48% in the short term, and the overall increase expanded to 5 basis points. This decision by Moody's means that the United States has been downgraded by all three major rating agencies. It is worth noting that when S&P Global and Fitch downgraded the U.S. credit rating, U.S. stocks all fell sharply without exception.</p><p><p style=\"text-align: justify;\">Moody's Ratings downgraded the credit rating of the United States after hours Friday, from its highest grade Aaa to Aa1, and revised its rating outlook from \"negative\" to \"stable\" due to mounting U.S. government debt. This landmark decision makes the outside world question the status of the United States as the best sovereign borrower in the world.</p><p><p style=\"text-align: justify;\">Affected by this news, both the Nasdaq and S&P 500 ETF U.S. stocks fell after hours. The U.S. 10-year Treasury Bond yield rose from 4.44% to above 4.48% in the short term, and the overall increase expanded to 5 basis points. The two-year U.S. Treasury yield rose 4.5 basis points, setting a new daily high of 4.0037%. ICE the US Dollar Index fell about 15 points in the short term.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ebb1dd83aedd30e078d0a265b0412bf\" title=\"\" tg-width=\"867\" tg-height=\"829\"/></p><p><p style=\"text-align: justify;\">Previously, Fitch Ratings and S&P Global Ratings had downgraded the U.S. rating below AAA. Moody'S'S decision means that the world'S largest economy has been downgraded by all three major rating agencies. It is worth noting that when S&P Global and Fitch downgraded the U.S. credit rating, U.S. stocks all fell sharply without exception.</p><p><p style=\"text-align: justify;\">According to media reports, the downgrade of the US credit rating to Level 1 is not a sudden move. As early as more than a year ago, Moody's had adjusted its outlook for the U.S. credit rating to \"negative\". Following this downgrade, Moody's revised its outlook to \"stable.\"</p><p><h2 id=\"id_1143470706\">Bearish on deficit reduction and spending prospects</h2><p style=\"text-align: justify;\"><strong>Moody's pointed out that this downward adjustment reflects that the ratio of U.S. government debt to interest payments has continued to rise in the past decade or so, and is now much higher than that of other sovereign countries at the same level.</strong></p><p><p style=\"text-align: justify;\"><strong>The agency said that several U.S. governments and Congress have never been able to reach an agreement on measures to reduce annual fiscal deficits and interest expenditures, and do not believe that the fiscal plan currently under discussion can achieve substantial reductions in mandatory expenditures and deficits in the coming years. It is expected that in the next decade, due to the increasing welfare expenditure and the stable government revenue, the U.S. fiscal deficit will further expand, and the government debt and interest burden will also continue to rise.</strong></p><p><p style=\"text-align: justify;\">Compared with the past fiscal situation of the United States and compared with other high-rated countries, the fiscal performance of the United States will continue to deteriorate.</p><p><p style=\"text-align: justify;\">According to Moody's report, in the past decade or so, the U.S. government debt has increased sharply, mainly due to the persistent fiscal deficit. During this period, government spending continued to rise, while tax cuts weakened fiscal revenue. While the deficit and debt continue to expand, rising interest rates have further pushed up the government's interest expenditure.</p><p><p style=\"text-align: justify;\"><strong>The agency believes that if tax and spending policies are not adjusted, U.S. budget flexibility will continue to be limited.</strong>Moody's expects mandatory spending, including interest expenses, to account for 78% of total government spending by 2035, up from 73% in 2024. If the Tax Cuts and Jobs Act of 2017 is continued, an additional structural deficit (excluding interest expenses) of about $4 trillion will be added in the next decade, which is also Moody's's benchmark forecast.</p><p><p style=\"text-align: justify;\">Therefore, Moody's expects the U.S. federal fiscal deficit to expand from 6.4% of GDP in 2024 to nearly 9% in 2035, mainly driven by increased debt interest expenditures, welfare expenditures, and slow income growth. At the same time, the U.S. federal debt burden is expected to reach 134% of GDP by 2035, much higher than 98% in 2024.</p><p><p style=\"text-align: justify;\">In addition, although U.S. bonds are still supported by strong market demand, yields have continued to rise since 2021, which has reduced debt affordability. Federal interest expenses are expected to account for about 30% of fiscal revenue by 2035, up from 18% in 2024 and 9% in 2021. In 2024, the interest burden of broad government (federal, state and local) in the United States already accounts for 12% of total revenue, while the average level of Aaa sovereign countries is only 1.6%.</p><p><h2 id=\"id_2882750957\">Rating outlook adjusted to \"stable\"</h2><p style=\"text-align: justify;\">After the downgrade, Moody's set the rating outlook at \"stable,\" meaning that under the Aa1 rating, the positive and negative risks are roughly balanced. Moody's pointed out that the United States still has many \"extraordinary credit advantages\", including its large, resilient and dynamic economy, and the status of the US dollar as the global reserve currency.</p><p><p style=\"text-align: justify;\">Moody's said that the U.S. economy is huge, its per capita income is high, its growth potential is strong, and it has the ability to continuously innovate, which is conducive to improving productivity and GDP growth. Although the U.S. economy may slow down in the short term in response to high tariff policies, Moody's still does not believe that the long-term growth potential will be significantly affected.</p><p><p style=\"text-align: justify;\">In addition, the status of the US dollar as the world's dominant reserve currency provides huge credit support for the United States. This status brings broad benefits, allowing governments to finance large deficits and refinance large debts at more modest and predictable costs. Despite the trend of global central banks to diversify reserves in recent years, Moody's expects the US dollar to remain dominant for the foreseeable future.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3747285\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3747285","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194073701","content_text":"周五美股盘后消息显示，由于美国政府债务不断增加，穆迪评级公司下调了美国的信用评级，从最高级别Aaa下调至Aa1，并将评级展望从“负面”调整为“稳定”。受此消息影响，纳指和标普500 ETF美股盘后均下跌，美国10年期国债收益率短线从4.44%拉升至4.48%上方，整体涨幅扩大至5个基点。穆迪的这一决定这意味着美国已被三大评级机构全部降级。值得注意的是，此前标普全球和惠誉下调美国信用评级时，美股无一例外都是大跌了一波。由于美国政府债务不断增加，穆迪评级公司（Moody’s Ratings）周五盘后下调了美国的信用评级，从最高级别Aaa下调至Aa1，并将评级展望从“负面”调整为“稳定”。这一具有标志性的决定令外界对美国作为全球最优质主权借款国的地位产生疑问。受此消息影响，纳指和标普500 ETF美股盘后均下跌，美国10年期国债收益率短线从4.44%拉升至4.48%上方，整体涨幅扩大至5个基点。两年期美债收益率涨4.5个基点，刷新日高至4.0037%。ICE美元指数短线下挫大约15点。此前，惠誉评级（Fitch Ratings）和标普全球评级（S&P Global Ratings）已将美国评级调至AAA以下，穆迪的这一决定这意味着全球最大经济体已被三大评级机构全部降级。值得注意的是，此前标普全球和惠誉下调美国信用评级时，美股无一例外都是大跌了一波。媒体报道，此次美国信用评级下调为一级，并非突然之举。早在一年多前，穆迪就已将美国信用评级展望调整为“负面”。此次评级下调后，穆迪将展望调整为“稳定”。对削减赤字和支出前景持悲观态度穆迪指出，此次下调反映出美国政府债务与利息支付比例在过去十多年中持续攀升，现已远高于同等级别的其他主权国家。该机构表示，多届美国政府和国会始终未能就削减年度财政赤字和利息支出的措施达成一致，不认为当前正在讨论的财政方案能够在未来多年实现实质性削减强制性支出和赤字。预计未来十年，由于福利类支出不断增长而政府收入维持平稳，美国财政赤字将进一步扩大，政府债务和利息负担也将不断上升。相比美国过去的财政状况以及与其他高评级国家的比较，美国的财政表现将持续恶化。根据穆迪的报告，在过去十多年里，美国政府债务急剧增加，主要源于持续性的财政赤字。在此期间，政府开支持续上涨，而减税政策则削弱了财政收入。在赤字与债务不断扩大的同时，利率上升进一步推高了政府的利息支出。该机构认为，若不调整税收与开支政策，美国预算灵活性将继续受限。穆迪预计，到2035年，包括利息支出在内的强制性支出将占政府总支出的78%，高于2024年的73%。若2017年的《减税与就业法案》得以延续，未来十年将额外增加约4万亿美元的结构性赤字（不含利息支出），这也是穆迪的基准预期。因此，穆迪预计美国联邦财政赤字将从2024年占GDP的6.4%扩大至2035年的近9%，主要受债务利息支出、福利类支出增加，以及收入增长缓慢所驱动。同时，到2035年，美国联邦债务负担预计将达到GDP的134%，远高于2024年的98%。此外，尽管美债依然受到强劲市场需求支持，但自2021年以来收益率持续上升，已令债务承受能力下降。预计到2035年，联邦利息支出将占财政收入的约30%，高于2024年的18%与2021年的9%。2024年，美国广义政府（联邦、州与地方）利息负担已占总收入的12%，而Aaa级主权国家的平均水平仅为1.6%。评级展望调整为“稳定”下调评级后，穆迪将评级展望定为“稳定”，意味着在Aa1评级下，正负风险大致平衡。穆迪指出，美国依然拥有诸多“非凡的信用优势”，包括经济规模庞大、具有韧性和活力，以及美元作为全球储备货币的地位。穆迪表示，美国经济规模庞大、人均收入高、增长潜力强，且具备持续创新能力，有利于提高生产率和GDP增长。尽管在短期内美国经济可能因应对高关税政策而放缓，穆迪仍不认为长期增长潜力会受到显著影响。此外，美元作为全球主导储备货币的地位，为美国提供了巨大的信用支持。这一地位带来了广泛的好处，使政府得以以较为温和和可预测的成本融资大规模赤字并再融资庞大的债务。尽管全球央行近年来有多元化储备趋势，但穆迪预计美元仍将在可预见的未来保持主导地位。","news_type":1,"symbols_score_info":{".IXIC":1.1,".SPX":1.1,".DJI":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":435822683661000,"gmtCreate":1747437830173,"gmtModify":1747446626180,"author":{"id":"3571645988229391","authorId":"3571645988229391","name":"特没有普","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3571645988229391","idStr":"3571645988229391"},"htmlText":"消息的發佈比Moomoo慢很多很多","listText":"消息的發佈比Moomoo慢很多很多","text":"消息的發佈比Moomoo慢很多很多","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/435822683661000","repostId":1194073701,"repostType":4,"repost":{"id":"1194073701","kind":"news","pubTimestamp":1747436834,"share":"https://ttm.financial/m/news/1194073701?lang=en_US&edition=fundamental","pubTime":"2025-05-17 07:07","market":"us","language":"zh","title":"U.S. stocks, bonds and exchange rates all fell after the market! Moody's downgrades U.S. credit rating to Aa1, worries about government deficits","url":"https://stock-news.laohu8.com/highlight/detail?id=1194073701","media":"华尔街见闻","summary":"周五美股盘后消息显示，由于美国政府债务不断增加，穆迪评级公司下调了美国的信用评级，从最高级别Aaa下调至Aa1，并将评级展望从“负面”调整为“稳定”。穆迪的这一决定这意味着美国已被三大评级机构全部降级。值得注意的是，此前标普全球和惠誉下调美国信用评级时，美股无一例外都是大跌了一波。媒体报道，此次美国信用评级下调为一级，并非突然之举。","content":"<p><html><head></head><body>After-hours news on Friday showed that due to the increasing U.S. government debt, Moody's Ratings downgraded the U.S. credit rating from the highest level Aaa to Aa1, and adjusted the rating outlook from \"negative\" to \"stable\". Affected by this news, both the Nasdaq and S&P 500 ETF U.S. stocks fell after hours. The U.S. 10-year Treasury Bond yield rose from 4.44% to above 4.48% in the short term, and the overall increase expanded to 5 basis points. This decision by Moody's means that the United States has been downgraded by all three major rating agencies. It is worth noting that when S&P Global and Fitch downgraded the U.S. credit rating, U.S. stocks all fell sharply without exception.</p><p><p style=\"text-align: justify;\">Moody's Ratings downgraded the credit rating of the United States after hours Friday, from its highest grade Aaa to Aa1, and revised its rating outlook from \"negative\" to \"stable\" due to mounting U.S. government debt. This landmark decision makes the outside world question the status of the United States as the best sovereign borrower in the world.</p><p><p style=\"text-align: justify;\">Affected by this news, both the Nasdaq and S&P 500 ETF U.S. stocks fell after hours. The U.S. 10-year Treasury Bond yield rose from 4.44% to above 4.48% in the short term, and the overall increase expanded to 5 basis points. The two-year U.S. Treasury yield rose 4.5 basis points, setting a new daily high of 4.0037%. ICE the US Dollar Index fell about 15 points in the short term.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ebb1dd83aedd30e078d0a265b0412bf\" title=\"\" tg-width=\"867\" tg-height=\"829\"/></p><p><p style=\"text-align: justify;\">Previously, Fitch Ratings and S&P Global Ratings had downgraded the U.S. rating below AAA. Moody'S'S decision means that the world'S largest economy has been downgraded by all three major rating agencies. It is worth noting that when S&P Global and Fitch downgraded the U.S. credit rating, U.S. stocks all fell sharply without exception.</p><p><p style=\"text-align: justify;\">According to media reports, the downgrade of the US credit rating to Level 1 is not a sudden move. As early as more than a year ago, Moody's had adjusted its outlook for the U.S. credit rating to \"negative\". Following this downgrade, Moody's revised its outlook to \"stable.\"</p><p><h2 id=\"id_1143470706\">Bearish on deficit reduction and spending prospects</h2><p style=\"text-align: justify;\"><strong>Moody's pointed out that this downward adjustment reflects that the ratio of U.S. government debt to interest payments has continued to rise in the past decade or so, and is now much higher than that of other sovereign countries at the same level.</strong></p><p><p style=\"text-align: justify;\"><strong>The agency said that several U.S. governments and Congress have never been able to reach an agreement on measures to reduce annual fiscal deficits and interest expenditures, and do not believe that the fiscal plan currently under discussion can achieve substantial reductions in mandatory expenditures and deficits in the coming years. It is expected that in the next decade, due to the increasing welfare expenditure and the stable government revenue, the U.S. fiscal deficit will further expand, and the government debt and interest burden will also continue to rise.</strong></p><p><p style=\"text-align: justify;\">Compared with the past fiscal situation of the United States and compared with other high-rated countries, the fiscal performance of the United States will continue to deteriorate.</p><p><p style=\"text-align: justify;\">According to Moody's report, in the past decade or so, the U.S. government debt has increased sharply, mainly due to the persistent fiscal deficit. During this period, government spending continued to rise, while tax cuts weakened fiscal revenue. While the deficit and debt continue to expand, rising interest rates have further pushed up the government's interest expenditure.</p><p><p style=\"text-align: justify;\"><strong>The agency believes that if tax and spending policies are not adjusted, U.S. budget flexibility will continue to be limited.</strong>Moody's expects mandatory spending, including interest expenses, to account for 78% of total government spending by 2035, up from 73% in 2024. If the Tax Cuts and Jobs Act of 2017 is continued, an additional structural deficit (excluding interest expenses) of about $4 trillion will be added in the next decade, which is also Moody's's benchmark forecast.</p><p><p style=\"text-align: justify;\">Therefore, Moody's expects the U.S. federal fiscal deficit to expand from 6.4% of GDP in 2024 to nearly 9% in 2035, mainly driven by increased debt interest expenditures, welfare expenditures, and slow income growth. At the same time, the U.S. federal debt burden is expected to reach 134% of GDP by 2035, much higher than 98% in 2024.</p><p><p style=\"text-align: justify;\">In addition, although U.S. bonds are still supported by strong market demand, yields have continued to rise since 2021, which has reduced debt affordability. Federal interest expenses are expected to account for about 30% of fiscal revenue by 2035, up from 18% in 2024 and 9% in 2021. In 2024, the interest burden of broad government (federal, state and local) in the United States already accounts for 12% of total revenue, while the average level of Aaa sovereign countries is only 1.6%.</p><p><h2 id=\"id_2882750957\">Rating outlook adjusted to \"stable\"</h2><p style=\"text-align: justify;\">After the downgrade, Moody's set the rating outlook at \"stable,\" meaning that under the Aa1 rating, the positive and negative risks are roughly balanced. Moody's pointed out that the United States still has many \"extraordinary credit advantages\", including its large, resilient and dynamic economy, and the status of the US dollar as the global reserve currency.</p><p><p style=\"text-align: justify;\">Moody's said that the U.S. economy is huge, its per capita income is high, its growth potential is strong, and it has the ability to continuously innovate, which is conducive to improving productivity and GDP growth. Although the U.S. economy may slow down in the short term in response to high tariff policies, Moody's still does not believe that the long-term growth potential will be significantly affected.</p><p><p style=\"text-align: justify;\">In addition, the status of the US dollar as the world's dominant reserve currency provides huge credit support for the United States. This status brings broad benefits, allowing governments to finance large deficits and refinance large debts at more modest and predictable costs. Despite the trend of global central banks to diversify reserves in recent years, Moody's expects the US dollar to remain dominant for the foreseeable future.</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stocks, bonds and exchange rates all fell after the market! Moody's downgrades U.S. credit rating to Aa1, worries about government deficits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks, bonds and exchange rates all fell after the market! Moody's downgrades U.S. credit rating to Aa1, worries about government deficits\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2025-05-17 07:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>After-hours news on Friday showed that due to the increasing U.S. government debt, Moody's Ratings downgraded the U.S. credit rating from the highest level Aaa to Aa1, and adjusted the rating outlook from \"negative\" to \"stable\". Affected by this news, both the Nasdaq and S&P 500 ETF U.S. stocks fell after hours. The U.S. 10-year Treasury Bond yield rose from 4.44% to above 4.48% in the short term, and the overall increase expanded to 5 basis points. This decision by Moody's means that the United States has been downgraded by all three major rating agencies. It is worth noting that when S&P Global and Fitch downgraded the U.S. credit rating, U.S. stocks all fell sharply without exception.</p><p><p style=\"text-align: justify;\">Moody's Ratings downgraded the credit rating of the United States after hours Friday, from its highest grade Aaa to Aa1, and revised its rating outlook from \"negative\" to \"stable\" due to mounting U.S. government debt. This landmark decision makes the outside world question the status of the United States as the best sovereign borrower in the world.</p><p><p style=\"text-align: justify;\">Affected by this news, both the Nasdaq and S&P 500 ETF U.S. stocks fell after hours. The U.S. 10-year Treasury Bond yield rose from 4.44% to above 4.48% in the short term, and the overall increase expanded to 5 basis points. The two-year U.S. Treasury yield rose 4.5 basis points, setting a new daily high of 4.0037%. ICE the US Dollar Index fell about 15 points in the short term.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ebb1dd83aedd30e078d0a265b0412bf\" title=\"\" tg-width=\"867\" tg-height=\"829\"/></p><p><p style=\"text-align: justify;\">Previously, Fitch Ratings and S&P Global Ratings had downgraded the U.S. rating below AAA. Moody'S'S decision means that the world'S largest economy has been downgraded by all three major rating agencies. It is worth noting that when S&P Global and Fitch downgraded the U.S. credit rating, U.S. stocks all fell sharply without exception.</p><p><p style=\"text-align: justify;\">According to media reports, the downgrade of the US credit rating to Level 1 is not a sudden move. As early as more than a year ago, Moody's had adjusted its outlook for the U.S. credit rating to \"negative\". Following this downgrade, Moody's revised its outlook to \"stable.\"</p><p><h2 id=\"id_1143470706\">Bearish on deficit reduction and spending prospects</h2><p style=\"text-align: justify;\"><strong>Moody's pointed out that this downward adjustment reflects that the ratio of U.S. government debt to interest payments has continued to rise in the past decade or so, and is now much higher than that of other sovereign countries at the same level.</strong></p><p><p style=\"text-align: justify;\"><strong>The agency said that several U.S. governments and Congress have never been able to reach an agreement on measures to reduce annual fiscal deficits and interest expenditures, and do not believe that the fiscal plan currently under discussion can achieve substantial reductions in mandatory expenditures and deficits in the coming years. It is expected that in the next decade, due to the increasing welfare expenditure and the stable government revenue, the U.S. fiscal deficit will further expand, and the government debt and interest burden will also continue to rise.</strong></p><p><p style=\"text-align: justify;\">Compared with the past fiscal situation of the United States and compared with other high-rated countries, the fiscal performance of the United States will continue to deteriorate.</p><p><p style=\"text-align: justify;\">According to Moody's report, in the past decade or so, the U.S. government debt has increased sharply, mainly due to the persistent fiscal deficit. During this period, government spending continued to rise, while tax cuts weakened fiscal revenue. While the deficit and debt continue to expand, rising interest rates have further pushed up the government's interest expenditure.</p><p><p style=\"text-align: justify;\"><strong>The agency believes that if tax and spending policies are not adjusted, U.S. budget flexibility will continue to be limited.</strong>Moody's expects mandatory spending, including interest expenses, to account for 78% of total government spending by 2035, up from 73% in 2024. If the Tax Cuts and Jobs Act of 2017 is continued, an additional structural deficit (excluding interest expenses) of about $4 trillion will be added in the next decade, which is also Moody's's benchmark forecast.</p><p><p style=\"text-align: justify;\">Therefore, Moody's expects the U.S. federal fiscal deficit to expand from 6.4% of GDP in 2024 to nearly 9% in 2035, mainly driven by increased debt interest expenditures, welfare expenditures, and slow income growth. At the same time, the U.S. federal debt burden is expected to reach 134% of GDP by 2035, much higher than 98% in 2024.</p><p><p style=\"text-align: justify;\">In addition, although U.S. bonds are still supported by strong market demand, yields have continued to rise since 2021, which has reduced debt affordability. Federal interest expenses are expected to account for about 30% of fiscal revenue by 2035, up from 18% in 2024 and 9% in 2021. In 2024, the interest burden of broad government (federal, state and local) in the United States already accounts for 12% of total revenue, while the average level of Aaa sovereign countries is only 1.6%.</p><p><h2 id=\"id_2882750957\">Rating outlook adjusted to \"stable\"</h2><p style=\"text-align: justify;\">After the downgrade, Moody's set the rating outlook at \"stable,\" meaning that under the Aa1 rating, the positive and negative risks are roughly balanced. Moody's pointed out that the United States still has many \"extraordinary credit advantages\", including its large, resilient and dynamic economy, and the status of the US dollar as the global reserve currency.</p><p><p style=\"text-align: justify;\">Moody's said that the U.S. economy is huge, its per capita income is high, its growth potential is strong, and it has the ability to continuously innovate, which is conducive to improving productivity and GDP growth. Although the U.S. economy may slow down in the short term in response to high tariff policies, Moody's still does not believe that the long-term growth potential will be significantly affected.</p><p><p style=\"text-align: justify;\">In addition, the status of the US dollar as the world's dominant reserve currency provides huge credit support for the United States. This status brings broad benefits, allowing governments to finance large deficits and refinance large debts at more modest and predictable costs. Despite the trend of global central banks to diversify reserves in recent years, Moody's expects the US dollar to remain dominant for the foreseeable future.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3747285\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3747285","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194073701","content_text":"周五美股盘后消息显示，由于美国政府债务不断增加，穆迪评级公司下调了美国的信用评级，从最高级别Aaa下调至Aa1，并将评级展望从“负面”调整为“稳定”。受此消息影响，纳指和标普500 ETF美股盘后均下跌，美国10年期国债收益率短线从4.44%拉升至4.48%上方，整体涨幅扩大至5个基点。穆迪的这一决定这意味着美国已被三大评级机构全部降级。值得注意的是，此前标普全球和惠誉下调美国信用评级时，美股无一例外都是大跌了一波。由于美国政府债务不断增加，穆迪评级公司（Moody’s Ratings）周五盘后下调了美国的信用评级，从最高级别Aaa下调至Aa1，并将评级展望从“负面”调整为“稳定”。这一具有标志性的决定令外界对美国作为全球最优质主权借款国的地位产生疑问。受此消息影响，纳指和标普500 ETF美股盘后均下跌，美国10年期国债收益率短线从4.44%拉升至4.48%上方，整体涨幅扩大至5个基点。两年期美债收益率涨4.5个基点，刷新日高至4.0037%。ICE美元指数短线下挫大约15点。此前，惠誉评级（Fitch Ratings）和标普全球评级（S&P Global Ratings）已将美国评级调至AAA以下，穆迪的这一决定这意味着全球最大经济体已被三大评级机构全部降级。值得注意的是，此前标普全球和惠誉下调美国信用评级时，美股无一例外都是大跌了一波。媒体报道，此次美国信用评级下调为一级，并非突然之举。早在一年多前，穆迪就已将美国信用评级展望调整为“负面”。此次评级下调后，穆迪将展望调整为“稳定”。对削减赤字和支出前景持悲观态度穆迪指出，此次下调反映出美国政府债务与利息支付比例在过去十多年中持续攀升，现已远高于同等级别的其他主权国家。该机构表示，多届美国政府和国会始终未能就削减年度财政赤字和利息支出的措施达成一致，不认为当前正在讨论的财政方案能够在未来多年实现实质性削减强制性支出和赤字。预计未来十年，由于福利类支出不断增长而政府收入维持平稳，美国财政赤字将进一步扩大，政府债务和利息负担也将不断上升。相比美国过去的财政状况以及与其他高评级国家的比较，美国的财政表现将持续恶化。根据穆迪的报告，在过去十多年里，美国政府债务急剧增加，主要源于持续性的财政赤字。在此期间，政府开支持续上涨，而减税政策则削弱了财政收入。在赤字与债务不断扩大的同时，利率上升进一步推高了政府的利息支出。该机构认为，若不调整税收与开支政策，美国预算灵活性将继续受限。穆迪预计，到2035年，包括利息支出在内的强制性支出将占政府总支出的78%，高于2024年的73%。若2017年的《减税与就业法案》得以延续，未来十年将额外增加约4万亿美元的结构性赤字（不含利息支出），这也是穆迪的基准预期。因此，穆迪预计美国联邦财政赤字将从2024年占GDP的6.4%扩大至2035年的近9%，主要受债务利息支出、福利类支出增加，以及收入增长缓慢所驱动。同时，到2035年，美国联邦债务负担预计将达到GDP的134%，远高于2024年的98%。此外，尽管美债依然受到强劲市场需求支持，但自2021年以来收益率持续上升，已令债务承受能力下降。预计到2035年，联邦利息支出将占财政收入的约30%，高于2024年的18%与2021年的9%。2024年，美国广义政府（联邦、州与地方）利息负担已占总收入的12%，而Aaa级主权国家的平均水平仅为1.6%。评级展望调整为“稳定”下调评级后，穆迪将评级展望定为“稳定”，意味着在Aa1评级下，正负风险大致平衡。穆迪指出，美国依然拥有诸多“非凡的信用优势”，包括经济规模庞大、具有韧性和活力，以及美元作为全球储备货币的地位。穆迪表示，美国经济规模庞大、人均收入高、增长潜力强，且具备持续创新能力，有利于提高生产率和GDP增长。尽管在短期内美国经济可能因应对高关税政策而放缓，穆迪仍不认为长期增长潜力会受到显著影响。此外，美元作为全球主导储备货币的地位，为美国提供了巨大的信用支持。这一地位带来了广泛的好处，使政府得以以较为温和和可预测的成本融资大规模赤字并再融资庞大的债务。尽管全球央行近年来有多元化储备趋势，但穆迪预计美元仍将在可预见的未来保持主导地位。","news_type":1,"symbols_score_info":{".IXIC":1.1,".SPX":1.1,".DJI":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":15,"commentSize":2,"repostSize":1,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}