Belgium sold 2 billion euros government bonds of long-term bonds in the first test after the cut of the country's credit rating by Standard and Poor's last week.

The 450 million euro sold of 10-year bonds witnessed a yield of 5.659% compared with 4.372% in the prior auction that took place on Oct. 31 with demand of 2.59 times, higher than the previous 1.65 times.

Yields of 5.46%, 5.77% and 5.78% were recorded in the sale of 2018, 2035 and 2041 maturity bonds, respectively.