Following its downgrade of the credit ratings for several eurozone countries last Friday, Standard's & Poor's cut the rating for the European Financial Stability Facility on Monday to AA+ from AAA.
While France was among the countries downgraded by S&P last week, Moody's announced on Monday that it was still assessing the country's credit rating.
Perhaps more importantly, investors appear confident enough in the country's finances. France sold 1.895 billion euros of one-year notes at a yield of 0.406 percent on Monday, down from 0.454 percent on 9 January. It also sold a total of 8.59 billion euros in bills at lower yields.
Elsewhere on Monday, there was some good news from Japan, which saw a 14.8 percent jump in core machinery orders.
However, the Bank of Japan cut its assessment for seven of nine regions from three months before in a quarterly report on Monday, saying that the pace of pickup in their economies was moderating or pausing.
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