Quote of the day

'How does that type of thing happen!? A test of the system, perhaps? In any event, it certainly raises a flag'. David Ader, head of government bond strategy at CRT Capital Group, ponders how Standard & Poor's accidentally sent a message saying it had downgraded France's AAA credit rating. French ministers were fit to be tied after the email sparkled a sell-off in Paris' government bonds yesterday. Zut alors!

by Elizabeth Anderson

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