Despte all the doomsaying and blame-scaping following Moody's downgrade late on Friday night, the market has well and truly shrugged off the FUD (for now).

US equity markets have ripped higher from the cash open with The Dow erasing all of the losses sine Friday's cash close...

2Y Treasury yields are now lower on the day also...

As we detailed <a href="https://www.zerohedge.com/markets/it-wont-be-moodys-kills-foreign-treasury-demand">here </a>and <a href="https://www.zerohedge.com/markets/top-goldman-trader-not-particulartly-worried-about-usa-downgrade">here</a>, this is not the end of the world.

...so, not the end of the world?
{ai:summary}Despite Moody's downgrade, US equity markets have rebounded, with the Dow recovering losses from Friday. Treasury yields for 2-year notes have also decreased, indicating that the market is currently unfazed by the downgrade and associated fears.This suggests a resilience in investor sentiment, countering the prevailing doomsday narratives. #economy

What Downgrade? Stocks & Bonds Surge Into The Green After Moody's Cut

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