Wall Street Journal: Investors Throng At German, UK Bond Auctions

— Auctions of safer European government bonds attract stellar demand

— German five-year auction sees strongest demand in eight years

— Germany pays less than 1% to borrow money for five years

— UK 10-year auction also gets robust demand

(Rewrites throughout, adds analyst comment.)

LONDON (Dow Jones)–Investors rushed into German and U.K. bond auctions on Wednesday, showing a strong appetite for assets considered to be safe amid continued worries about a deepening euro-zone debt crisis if the economy continues to deteriorate.(more)