Asian debt investors dip toes in choppy European waters

Asian investors are still reluctant to put money to work in southern European debt but evidence is emerging, market insiders say, that some institutions are investing again in higher-rated eurozone sovereign bonds. However, with eurozone tensions still bubbling away beneath the surface, yield pickings few, and the European Central Bank under increased pressure to ease back on market support, that trickle of Asian interest is unlikely to become a flood any time soon.