US Treasury Secretary Yellen:

  • Says disagrees with Moody's decision to move US rating to negative outlook
  • Higher interest rates would create a challenge to debt sustainability if they last
  • A government shutdown would pose an unnecessary economic headwind; it's critical that House Republicans work in a bipartisan manner
  • Treasuries remain preeminent safe, liquid asset.
  • I'm hopeful we'll find satisfactory spending solution.
  • APEC judged China economy is a downside risk to outlook.
  • Discussed issues of oversupply with China vice premier He Lifeng.


Yellen is making wide-ranging comments, only a few of which are really of interest to traders.

Yellen credit