UK Bonds Fall as Germany is Downgraded by Moody’s

U.K. government bonds fell, pushing yields up from record lows, as a decision by Moody’s Investors Service to cut the outlook on Germany’s credit rating signaled haven assets may be less safe than some investors perceive.
Benchmark 10-year gilts snapped a two-day gain after Moody’s lowered its outlooks for the Aaa ratings of Germany, the Netherlands and Luxembourg, citing concern the countries will have to support weaker euro-region members. The pound rose toward the strongest since 2008 against the euro and appreciated versus the dollar.

via Bloomberg

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza