Germany hits back at Moody's after the ratings agency gave the country a negative outlook,...

|By:, SA News Editor

Germany hits back at Moody's after the ratings agency gave the country a negative outlook, pointing out that it has exceptionally low borrowing costs. "Germany will, through solid economic and financial policy, defend its 'safe haven' status," the finance ministry says. Yields on 10-year bonds are +6 bps to 1.24%.