The interest rate on the US government's long-term debts surpassed 5% on Monday before retreating slightly.
That was the highest level since October 2023.
It came after Moody's downgraded the government's credit rating on Friday, citing the rising debt over the past decade.
The average interest rate for a 30-year mortgage jumped back above the 7% threshold on Monday following the credit rating downgrade by Moody's.
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