French Government Bonds Holding Steady After Credit Downgrade, For Now

Fitch downgraded France from AAA last week


French government bonds held steady on Monday after the country lost its last major triple-A rating last week, suggesting investors have come to terms with a shrinking universe of top-rated debt.

Fitch downgraded the euro zone's second largest economy to AA-plus on Friday, citing weaker economic output, rising unemployment, budget deficits and subdued external demand.