NEW YORK (Reuters) – U.S. Treasuries soared on Monday in their first New York trading session since the Standard & Poor’s downgrade of the United States as stocks slid on fears that the ratings action would ripple through the corporate and financial sectors.

Standard & Poor’s downgraded the U.S. credit rating to AA-plus from AAA after markets closed on Friday, citing a lack of confidence that government leaders could get the budget deficit under control and shape a long-term plan for U.S. finances.

NEW YORK, Aug 4 (Reuters) – BNY Mellon (BK.N: Quote, Profile, Research, Stock Buzz), citing an
overwhelming influx of cash deposits from large clients in
reaction to world economic events, said on Thursday it will
begin passing along some insurance fees on selected accounts
that exceed a depositor’s prior monthly average.

Banks typically welcome deposits as cheap funding that they
redeploy into loans and investments, but BNY said the recent
flood of cash is affecting its capital ratio and insurance
fees.

NEW YORK (Reuters) – The Treasury and New York Federal Reserve used a hastily expanded meeting with Wall Street’s biggest banks on Friday to discuss a potential default by the United States on its debt.

The Treasury officials confirmed the meeting was originally to be with representatives of around half of the 20 primary dealers, but at the last minute it was expanded to include all of the banks and securities firms authorized to deal directly with the Federal Reserve and the Treasury.

NEW YORK, July 25 (Reuters) – Investors sold U.S.
Treasuries on Monday after bipartisan talks in Washington to
cut the U.S. deficit and raise the legal borrowing limit fell
apart and Democrats and Republicans set to working on separate
plans.

The breakdown in bipartisan talks increased fears that no
legislation would be passed in time to avoid a default on U.S.
debt. Federal funding options will run out in nine days. For
more, see [ID:nN1E76N0CA]

NEW YORK, July 25 (Reuters) – U.S. Treasuries prices fell
on Monday as the absence of a deal to lift the federal debt
ceiling stoked fears of a U.S. default, keeping investors on
edge and casting a cloud over the week’s debt auctions.

Democrats and Republicans were working on Monday on
separate debt-reduction plans. There were doubts among market
participants that President Obama would sign either one if it
reached his desk. Federal funding options will run out in nine
days. For more, see [ID:nN1E76N0CA]

NEW YORK, July 22 (Reuters) – American businesses, from Wall Street banks to major industrial corporations, are preparing contingency plans for a pair of once-unthinkable events: the United States defaulting on its debt and the loss of the nation’s top AAA credit rating.

While most bankers, investors and executives still cannot imagine that politicians in Washington could be reckless enough to let the government run out of money to pay its bills on August 2, they can’t guarantee that the game of chicken that has been played in recent weeks won’t go awfully wrong.

NEW YORK, July 22 (Reuters) – American businesses, from
Wall Street banks to major industrial corporations, are
preparing contingency plans for a pair of once-unthinkable
events: the United States defaulting on its debt and the loss
of the nation’s top AAA credit rating.

While most bankers, investors and executives still cannot
imagine that politicians in Washington could be reckless enough
to let the government run out of money to pay its bills on
August 2, they can’t guarantee that the game of chicken that
has been played in recent weeks won’t go awfully wrong.

NEW YORK (Reuters) – American businesses, from Wall Street banks to major industrial corporations, are preparing contingency plans for a pair of once-unthinkable events: the United States defaulting on its debt and the loss of the nation’s top AAA credit rating.

While most bankers, investors and executives still cannot imagine that politicians in Washington could be reckless enough to let the government run out of money to pay its bills on August 2, they can’t guarantee that the game of chicken that has been played in recent weeks won’t go awfully wrong.

NEW YORK, July 22 (Reuters) – American businesses, from
Wall Street banks to major industrial corporations, are
preparing contingency plans for a pair of once-unthinkable
events: the United States defaulting on its debt and the loss
of the nation’s top AAA credit rating.

While most bankers, investors and executives still cannot
imagine that politicians in Washington could be reckless enough
to let the government run out of money to pay its bills on
August 2, they can’t guarantee that the game of chicken that
has been played in recent weeks won’t go awfully wrong.

NEW YORK, July 22 (Reuters) – U.S. Treasury debt prices
rose in light trading on Friday as investors prepared for the
weekend by covering short positions and buying long bonds amid
lower growth forecasts and uncertainty over U.S. and European
politics.

Treasuries ended a volatile week with price gains, a day
after a warning by Standard & Poor’s sent bond prices
plummeting.