French bonds drop as S&P downgrades its credit rating

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Source: Bloomberg
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

European bonds drop as ECB cuts interest rates

Italian, Spanish and German government bonds declined on Friday after the European Central Bank lowered its benchmark interest rated by 25 basis points to a historic low at 0.25% on yesterday's policy meeting. Italy's 10-year yields jumped four basis points to 4.13% after yesterday's drop to 4.04%, the least since May 28, while Spain's 10-year rates climbed 3 basis points

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