Spain, Italy Bonds Surge on Moody's Rating Optimism

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Oct. 17 (Bloomberg) -- Bloomberg's Mike McKee reports that Spain’s government bonds advanced, pushing 10-year borrowing costs to the lowest in more than six months, after Moody’s Investors Service said it would keep the nation’s credit rating at investment grade. Italian and Portuguese securities also rallied amid optimism the region is making progress to contain the debt crisis. He speaks on Bloomberg Television's "Bloomberg Surveilance."

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