Dutch Prime Minister Rutte to resign: reports [View all]
FRANKFURT (MarketWatch) -- Dutch Prime Minister Mark Rutte will tender his resignation to Queen Beatrix on Monday, setting the stage for elections, after the weekend collapse of budget talks, news reports said. The move was expected after the right-wing Freedom Party withdrew its support for the minority coalition government, rejecting calls for additional budget cuts. Strategists said the turmoil threatens the Netherlands' AAA credit rating. Dutch government bond yields jumped, widening the yield premium investors demand to hold Dutch debt over German bunds. The yield on 10-year Dutch government bonds was up 0.06 percentage point at 2.39%, according to electronic trading platform Tradeweb.