Aeroporti di Roma SpA sold bonds in euros after borrowing costs for companies from Europe’s peripheral nations fell to the lowest in almost four years relative to core countries led by Germany and France.
Deere & Co. sold its first euro- denominated bonds in two years and Vivendi SA issued its first securities in eight months as yields on European corporate debt fell to the lowest in almost three weeks.
Goldman Sachs Group Inc. is telling investors to buy European bank stocks for the first time in more than 16 months. Bond buyers are taking the opposite view on concern that policy makers will fail to staunch the debt crisis.
The cost of insuring against losses on European government bonds fell on speculation pressure from euro-region central bankers will force Ireland to accept an international bailout that would calm markets.