July 30 (Bloomberg) -- Charles Diebel, head of market strategy at Lloyds Banking Group Plc, talks about the outlook for Spanish and Italian debt sales and European Central Bank policy and investment strategy. He speaks with Caroline Hyde on Bloomberg Television's "On the Move." (Source: Bloomberg)
Greek bonds tumbled, leading declines by securities from Europe’s most indebted countries, as a German government adviser said the Mediterranean nation will probably have to restructure its debt burden.
French bonds declined, sending 10- year yields to the highest in almost three months, as investors braced for tomorrow’s election amid concern that European policy makers are failing to contain the region’s debt crisis.
After 2 1/2 years of incremental crisis management and false starts, a bargain is beginning to emerge between Europe’s politicians and central bankers over how to calm bond markets and end the debt tumult that threatens the euro’s survival.