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US Treasury Downgrade

Tonight's stock depreciation is not affected by the downgrade of US bonds, but is due to the fact that the number of people employed in the non-farm sector in the ADP US Employment Report in July increased by 324,000 from the previous month, which exceeded market expectations of an increase of 175,000.

In other words, since the US economy is too strong, long-term bonds are being sold, and stocks are depreciating because they are disgusted by the rise in long-term interest rates.

Even if Fitch downgraded US bonds to AA+, I don't think it's particularly surprising since S&P Global changed it to AA+ 11 years ago.
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