European government bonds fell as Fitch Ratings said euro-area countries face lower ratings because policy makers are failing to demonstrate they can bring the debt crisis under control. Spanish 10-year yields rose to the most in the history of the currency bloc after Fitch said the nation will “significantly” miss its budget deficit targets. The rate on Italian 10-year securities jumped to the most since January as the country prepared to sell bonds on June 14. Germany will offer 10-year bunds, Europe’s benchmark securities, tomorrow, after Austria and the Netherlands auctioned debt today. “The comments from Fitch ... (full story)