German Bunds Gain as Rescue-Fund Wrangling Boosts Refuge Demand
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German bunds posted their first weekly gain in a month as concern European leaders are struggling to agree on a permanent solution to the euro-area’s debt crisis boosted demand for the region’s safest assets.
Benchmark French debt fell for a fourth week, expanding the yield spread over bunds to the widest since 1992, after Moody’s Investors Service and Standard & Poor’s said the nation’s top credit rating is under pressure due to the regional crisis. European leaders are scheduled to meet at summits in Brussels tomorrow and on Oct. 26 to devise a plan to resolve the sovereign-debt turmoil. Spanish and Italian bonds also declined.