Irish Debt Falls for 13th Day on Default Concern; Bunds Climb
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Irish government bonds tumbled for a 13th day on mounting concern that the nation will be forced to restructure its finances.
Spanish bonds also headed for a 13th day of declines as data showed the nation’s economic growth stalled. French Finance Minister Christine Lagarde said yesterday that investors must share in the cost of safeguarding sovereign debt. German bunds advanced on demand for the safest assets, while Portuguese debt recovered from earlier losses. Italian bonds fell.