Spanish and French bonds lead rally in euro-zone sovereign debt

12/2/2011 | Wall Street Journal, The

Government-bond markets in the euro zone rallied, led by the debt of France and Spain, which successfully sold bonds amid a coordinated effort among central banks to improve US dollar liquidity. The rally also came as Mario Draghi, president of the European Central Bank, indicated that the bank would ramp up efforts to battle the sovereign-debt crisis.

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