[ 🔥Fitch Downgrades US Credit Rating🔥 ] In the early morning of 2023/8/2 (Wednesday), Fitch Ratings downgraded the United States' Long-Term Foreign Currency Issuer Default Rating (IDR) from AAA to AA+ . main reasons: 📍U.S. government governance issues, medium-term financial problems facing challenges 📍Government deficit continues to grow and estimated interest burden will exceed 10% of revenue 📍Fitch Ratings maintains a moderate US recession forecast and Fed will raise interest rates again The country's rating of the USA was downgraded again after 12 years The debt ceiling stalemate last occurred in 2011 during the Obama era, and it was downgraded from AAA to AA+ by Standard & Poor's after the bipartisan Congress reached an agreement. According to historical experience, from the beginning of 2011 to August of that year, the US dollar fell about 6% and the 10-year US bond yield fell, after the Republican Party took control of the House of Representatives in 2010/11. As the S&P 500 rose and after the downgrade by Standard & Poor's, the S&P 500 fell more than 10% once, the 10-year US bond yield fell another 120 basis points, and the US dollar began to bottom out. See the financing plan for the second half of the year announced on . Ultra-high issuance volume of 852 billion in Q4 and expected to continue NPL at year end With the cash level of the account 750 billion and the Federal Reserve's balance sheet reduction of 95 billion per month continuing, it will also withdraw approximately 500 billion in funds. Before the suspension, the US dollar will continue its short-term recovery momentum due to tighter liquidity. At the same time, the 10-year US bond yield was supportive. a high level reflecting that supply has once again exceeded market expectations, the US dollar is fluctuating, and the view that US debt can be deployed remains unchanged