US Treasury Secretary Yellen:
- Says disagrees with Moody's decision to move US rating to negative outlook
- Higher interest rates would create a challenge to debt sustainability if they last
- A government shutdown would pose an unnecessary economic headwind; it's critical that House Republicans work in a bipartisan manner
- Treasuries remain preeminent safe, liquid asset.
- I'm hopeful we'll find satisfactory spending solution.
- APEC judged China economy is a downside risk to outlook.
- Discussed issues of oversupply with China vice premier He Lifeng.
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Yellen is making wide-ranging comments, only a few of which are really of interest to traders.
