French Bonds Gain as Investors Seek Crisis Havens


26/05/2012 16:16 AST  Bloomberg

France’s bonds rose in the week, with 10-year yields falling the most in five months, as investors sought higher-yielding alternatives to German securities as havens from Europe’s debt crisis.

Yields on the French benchmark debt slid to a record yesterday as a report showed consumer confidence improved and after Le Parisien reported the government may raise tax-free state savings-account limits, potentially boosting demand from banks holding the deposits. German 30-year bonds pared a fourth week of gains as Italian Prime Minister Mario Monti said Europe’s largest economy can be persuaded to support joint euro bonds. Spanish 10-year yields stayed above 6 percent.

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