Moody's downgraded the U.S. credit rating, while investors brushed off the impact of the downgrade, leading to a retreat in U.S. Treasury yields after a surge on Monday. The 30-year Treasury yield reached a high of 5.03%, the highest since November 2023, but then fell sharply, currently up 0.9 bps to 4.906%.Related NewsIndustrial Production YoY for April in United States is 1.5%, higher than the previous value of 1.3%.The 2-year Treasury yield dropped 1.1 bps to 3.97%. The 10-year yield added 0.1 bp to 4.449%.