I wonder if this will trigger a sell of in bonds, there's a common story that some investors are only allowed to invest in triple A bonds, and AFAIK this was the last of the big three still holding it for the US.
> some investors are only allowed to invest in triple A bonds
The usual language is two out of three. So any investor who had that language and hadn’t gotten around to amending it to exempt Treasuries had already been forced to sell on the second downgrade.
