“France’s government bonds fell, with 10-year yields rising the most in a month, after Moody’s Investors Service lowered the nation’s top credit rating, citing a worsening economic growth outlook.
Greek and Portuguese debt advanced as European finance ministers prepare to meet in Brussels today to discuss aid for Greece. The yield premium, or spread, investors demand to hold French 10-year debt over similar-maturity German bunds, widened for the first time in four days after Moody’s yesterday cut the country’s rating to Aa1 from Aaa and maintained its negative outlook. Spain’s notes rose as it sold 4.94 billion euros ($6.33 billion) of bills.”
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