There was a time when bad news about U.S. debt would send markets into a tailspin, but not this month. Markets on Monday shrugged at a warning Friday from Moody’s Investor’s Service that it was lowering its ratings outlook on Treasurys. The big-three ratings agency said high levels of government debt and deficits coupled with political brinkmanship in Washington could jeopardize the global standing of government-issued fixed income. When Standard & Poor’s and Fitch issued similar warnings, they sent at least temporary shockwaves through Wall Street. But with the domestic fiscal and political mess seemingly old ... (full story)