










Discusses the Recent S&P Research Update on U.S. Public Debt
Published in Business and Finance on Wednesday, April 20th 2011 at 14:50 GMT by Market Wire

NEW YORK--([ BUSINESS WIRE ])--Wall Street Media presentsan exclusive video of Rich Gordon, the highly regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE: WFC), on the recent S&P research update on U.S. Public Debt. The financial crisis and subsequent recession have caused a significant decline in key debt ratios of U.S. to its AAA sovereign peers. In an S&P research update on U.S. Public Debt, it was stated that the path to addressing the budgetary issues is not clear. If the U.S. policy makers do not reach an agreement on how to address the budget challenges by 2013, S&P thinks it would render the U.S. fiscal profile significantly weaker than that or peer aAAAa sovereigns. After the report was released a large risk off trade emerged and Treasuries had a volatile trading session. Gordon thinks that if a major trading agency was to put the U.S. on a negative credit watch, it would have a harmful effect on the prices of nearly every kind of dollar based fixed income instrument.
Please visit the following link to view the video:
[ http://www.wsmco.com/show.aspx?1757_Market_Summary ]
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