US Treas Sec Yellen: Higher interest rates a challenge to debt sustainability if they last

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

—</p><p>Yellen is making wide-ranging comments, only a few of which are really of interest to traders. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.