Spanish Bonds Decline for Seventh Day as Government Sells Debt
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Spanish government bonds fell for a seventh day as the country paid a higher rate to sell more than 2.5 billion euros ($3.3 billion) of securities and prepared to issue more debt later this week.
Belgian debt dropped as the outlook on its AA+ credit rating was lowered to “negative” by Standard & Poor’s. Irish and Greek securities also declined. European Central Bank President Jean-Claude Trichet said states should consider broadening the region’s bailout fund. German bunds declined as data reports suggested the global economy is strengthening, damping demand for the safest fixed-income assets.