France's AAA rating in danger as yields increase

Source: Bloomberg
© Scanpix/Reuters

On Tuesday yields on French 10-year bonds surpassed German peers by 155 bp. The widest gap of 200bp was reached on Nov 17 when it hit the record low since 1990. Currently France's yields exceed AAA rated UK counterparts over 1 percentage point. According to Bill Blain, Newedge Group's strategist, markets do not wait for Moody's or Standard & Poor's judgement and already have downgraded French bonds.

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Tue, 22 Nov 2011 14:34:02 GMT

Denmark is struggling with mortgage risks

Danish lenders are facing risks in mortgage-bond business as they are struggling to attract $90 bn from investors in securities' auction starting this week. Denmark's Mortgage Bankers' Federation is pushing banks to stop selling one-year notes used to fund home loans, claiming that such funding is too risky. Danish Mortgage Banks' association refutes the criticism saying that one-year notes are stable.

Tue, 22 Nov 2011 14:29:36 GMT

British Pound strengthens against US dollar

The British Pound recovered from six-week drop against US dollar ahead of a government report as economists expect it will confirm that UK's budget deficit lessened in October. On Tuesday during London morning trading session the pound advanced 0.3% reaching $1.5684 after hitting the lowest level at $1.5613 yesterday. The pair is currently trading at 1.5633 US Dollars per Pound.

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