0541 GMT - Moody's Ratings' downgrade of the U.S. is a reminder that risks aren't fully priced into Treasurys, ING rates strategists say in a note. Given this, they remain bearish on Treasurys. "The Moody's move is more a reminder on the de-rating mood on Treasuries," they say. While the downgrade to Aa1 from Aaa isn't directly impactful, it will linger as an issue in the coming months, they say. If the tax bill gets passed, it will be bearish for Treasurys, "as in its current guise it has minimal fiscal deficit reducing capacity." (emese.bartha@wsj.com)

(END) Dow Jones Newswires

May 20, 2025 01:41 ET (05:41 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.