The Netherlands also raised 2bn euros in a bond sale the day after the government fell following a disagreement on austerity measures between coalition partners.

BBC: Stock markets shake off higher borrowing costs

Spain raised slightly more than its planned amount of cash in a government bond sale and at lower borrowing costs than at previous auctions.

WSJ: Blue Chips Slump

C. report, the churning was mostly in the form of unnecessary bond sale and acquisition.

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He also cancelled the traditional sale of 30-year bonds in November and is considering cutting other bond sales, thanks to America's budget surplus.

ECONOMIST: Chemical attraction

"At the margin, this could reduce demand, but nobody should have been buying this stuff on the basis there wasn't a material probability of at least one junk rating at some point in the future, " Mr. McNamara said of the bond sale's postponement.

WSJ: Slovenia Bond Sale Postponed

The Spanish government delayed its budget for 2012 because of an election in Andalusia, created suspicions about the accuracy of its statistics, was cack-handed in its negotiation with the EU over a revised deficit target and messed up a bond sale just before Easter.

ECONOMIST: Charlemagne: April showers on the euro | The