(Bloomberg) -- European government debt gained by
the most in more than a year after Standard & Poor's said it may
cut credit ratings on $12 billion of bonds backed by subprime
mortgages, attracting investors to the safest assets.
Benchmark bunds earlier rose as investors bet yields near a
five-year high would lure buyers and on signs of slowing growth
in Germany and France, the region's two largest economies.
Ratings of 612 classes of residential mortgage-backed securities
were placed on CreditWatch with negative implications, New York-
based S&P said today.
Read more at Bloomberg Bonds News
the most in more than a year after Standard & Poor's said it may
cut credit ratings on $12 billion of bonds backed by subprime
mortgages, attracting investors to the safest assets.
Benchmark bunds earlier rose as investors bet yields near a
five-year high would lure buyers and on signs of slowing growth
in Germany and France, the region's two largest economies.
Ratings of 612 classes of residential mortgage-backed securities
were placed on CreditWatch with negative implications, New York-
based S&P said today.
Read more at Bloomberg Bonds News
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