Investors seen ignoring S&P's downgrade for France

Source: Bloomberg
Bank of America Merill Lynch reported France's 1.07 trillion Euro of debt due in one year or longer enlarged by 7.4% since S&P downgraded its rating from AAA to AA+, more than twice the gains of the other global government note market, outpacing AAA rated Germany, U.K. and Australia. IN the meantime, French 10-year yields slid faster than those of U.S. Treasuries or German Bunds.

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