http://online.wsj.com/article/SB1000142405297020355410457700340
Doubts Rise on EU Deal
Bond Investors Skeptical as Attention Shifts to Italy; High Rates for New
Debt
BY TOM LAURICELLA AND MATT PHILLIPS
Initial relief over Europe's latest attempt to end its debt crisis faded on
Friday as investors fretted about the plan's lack of detail and grew more
skeptical about Italy's turnaround effort.
One day after European leaders announced a series of measures aimed in part
at enticing investors back to the region's debt markets, bond buyers
demanded higher yields on Italian and Spanish debt. An auction of new
Italian bonds was met with weak demand, forcing the nation to pay higher
interest rates than in previous sales.
The wan response from bond markets underscores how challenging it will be
for European ...
