French bonds drop as S&P downgrades its credit rating

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Source: Bloomberg
© Scanpix/FP
Government bonds of France decreased on Friday matching economists' expectation after the Standard & Poor's rating agency downgraded the country's sovereign credit rating from AA+ to AA maintaining the stable outlook. The benchmark 10-year government bond rose two basis points to 2.39% by 9:08 a.m. in London, when the prices fell 0.154 to 98.73.

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Fri, 08 Nov 2013 11:45:04 GMT

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