Asia and Middle East clamour for Euro bail-out bond - papers

The bonds, with yields of 2.89%, experienced high demand as a result of Japan's statement it would buy 20% of this month's total issue, the Telegraph reports. Asian investors bought 38% of the issue by the European Financial Stability Facility, the head of which describes demand as ‘the biggest order book ever'. Read more here   IMF warns US to slash spending The IMF claims the US fiscal stimulus package, namely the latest round of quantitative easing (QE) by the Fed, will not provide long-term growth and raises the risk of a bond crisis. Though it admitted the US economy ...