Bonds

Europe wary as Italy moves toward populist government

Italy's president has convened the leaders of the anti-establishment 5-Star Movement and the right-wing League for consultations that could lead to the first populist government in the eurozone's third largest economy.

US releases Puerto Rico debt crisis report, offers solutions

A U.S. government report Wednesday detailed how Puerto Rico accumulated some $70 billion in public debt and suggested ways federal officials could help avoid a repeat of the crisis, such as removing a triple-tax exemption on the island's bonds and requiring local investment companies to disclose risks associated with those bonds.