Slovenia picked banks to organize international bond investor meetings, a day after scooping up twice the targeted amount in a domestic debt sale and easing pressure on the country to ask for an international bailout.
Italy’s credit rating was cut one level by Fitch Ratings as an inconclusive election in February produced political paralysis that threatens the country’s ability to respond to a recession and the European debt crisis.
David Schnautz, fixed income strategist at Commerzbank in New York, says "it's not the time to be brave here" and invest in riskier assets. Schnautz talks with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg - The First Word."
Greek two-year notes snapped three days of gains after the nation’s risk of default was raised to 50 percent by Moody’s Investors Service, damping optimism about prospects for an international aid package.
European nations including Italy, Belgium and Spain may sell more than 33 billion euros ($43.3 billion) of securities this week as credit-rating cuts risk upending optimism the region’s debt crisis is being contained.