Every Central Bank / sovereign wealth fund is busy selling every European sovereign and agency ( such as European Investment Bank and European Bank for Reconstruction and Development) bond they have except the Chinese.
This isn't some sort of support for Europe though. China has the same problem in Euro-denominated bonds as it has in $ bonds - it owns so much of the bonds out there that if it starts selling the market will collapse and it'll end up costing itself billions. All the Chinese can do is sit tight and pray for a miracle. They are effectively all in to both US and European solvency.
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