Irish, Italian bonds strengthen as other eurozone debt struggles

01/25/2010 | Financial Times (tiered subscription model)

Government bonds of Ireland and Italy have gained the confidence of investors as budget deficits put sovereign-debt risk in the spotlight elsewhere in the eurozone. Yields on 10-year bonds sold by the countries have come down since their peak in December. Investors seem to think Ireland's debt-reduction plan is credible, and the ratio of debt to GDP in Italy is visibly improving.

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