Treasury Yields Spike After Moody’s Downgrades US Credit Rating

Moody’s credit downgrade is understandable, ‘but the time is questionable,’ says Bob Lang, founder and chief options analyst at Explosive Options.

A sign for Moody's rating agency at the company headquarters in New York City. Emmanuel Dunand/AFP via Getty Images

Yields on U.S. Treasury securities soared on May 19 after Moody’s downgraded the United States’ long-term credit rating.

Treasury yields were up across the board, with the benchmark 10-year yield firming above 4.52 percent.