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Yields on benchmark 10-year Taiwanese government bonds rose.
Investors today are desperate, though, given the low yields on benchmark Treasury bonds.
Yields on benchmark 10-year Bunds are up 4 basis points at 1.96%.
The yields on benchmark euro zone government bonds pushed higher after the announcement of the downgrades.
Yields on benchmark ten-year gilts fell in February and March when the policy was first signalled and then introduced.
With yields on benchmark 10-year Greek bonds at a four-year low, the coalition government wants to seize the moment.
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The news sent Argentine bonds prices down as much as 14percentt while yields on one benchmark bond soared to 45percentt.
In February, the yield on benchmark 10-year Greek bonds – the cost of short-term borrowing – was 5-65-6%
The yield on benchmark 10-year Spanish bonds was down 8 basis points at 4.1 percent after the announcement.
For the first time since 1994, yields on the Treasury's 10-year notes briefly climbed above the yield on benchmark 30-year bonds.
The yield on benchmark 10-year Irish bonds fell 9 basis points, to 7.8 percent, on Friday, and the Irish Overall Index of stocks rose 0.8 percent.
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