Could the downgrade not have led precisely, if ironically, to the treasury rally by promoting concern about the general economy, with consequent sell-off of hig

Could the downgrade not have led precisely, if ironically, to the treasury rally by promoting concern about the general economy, with consequent sell-off of high-risk assets and flight to safety (treasury bonds, downgrade notwithstanding, still being seen as the safest bet for a lot of people in case of general economic uncertainty)?