(Bloomberg) -- European government bonds posted
their biggest weekly gain in more than four months after concern
about the U.S. subprime mortgage sector crimped demand for
riskier assets.
Government debt advanced after Moody's Investors Service
lowered ratings on $5.2 billion of bonds backed by U.S. subprime
mortgages and Standard & Poor's said it may cut credit ratings on
$7.4 billion of similar debt. Bunds extended their rally
yesterday after a U.S. report showed retail sales fell more than
expected last month, stoking concern about an economic slowdown.
Read more at Bloomberg Bonds News
their biggest weekly gain in more than four months after concern
about the U.S. subprime mortgage sector crimped demand for
riskier assets.
Government debt advanced after Moody's Investors Service
lowered ratings on $5.2 billion of bonds backed by U.S. subprime
mortgages and Standard & Poor's said it may cut credit ratings on
$7.4 billion of similar debt. Bunds extended their rally
yesterday after a U.S. report showed retail sales fell more than
expected last month, stoking concern about an economic slowdown.
Read more at Bloomberg Bonds News
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