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Podcast: Market Matters from New York Life Investment Management
Episode: Yields up: implications of the U.S. credit downgrade (August 7, 2023)
Description: Yields have moved meaningfully higher in the last week, but it’s not all because of the U.S. credit rating downgrade. This week, Lauren Goodwin and Julia Hermann discuss not just what the downgrade implies for U.S. economic health, but also how Treasury issuance and a decision by the Bank of Japan are pressuring financing costs higher.