Young admits that the U.S. needs to see something taking shape next month in regards to talks over the debt ceiling, otherwise the U.S.ís AA credit rating may experience yet another downgrade. This could result in raised borrowing costs, which would in effect hurt prices of outstanding bonds.
All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.