French Bonds Advance With Belgium’s, Spain’s as Selloff Abates
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French and Belgian bonds led gains in European government securities amid speculation the four-month slide in the region’s fixed-income markets is almost over.
Yields on France’s 10-year securities fell from the highest in more than a year as President Francois Hollande’s minsters pledged less spending in 2014 as deficit cuts slow. Germany’s five-year note yield dropped after rising to the highest since December 2011 last week. Italy’s 10-year bonds fluctuated between gains and losses as the nation sold 11.5 billion euros ($15.3 billion) of bills today, while similar-maturity Spanish debt advanced for a second day.