Thursday, January 6, 2011

China to buy 6 billion euros of Spanish debt: report

Let's see if China has similiar interests in State muni bond auctions.

Chinese Vice Premier Li Keqiang has said his country is willing to buy about 6 billion euros ($7.9 billion) of Spain's public debt, Spanish newspaper El Pais reported on Thursday, citing government sources.

Li said at a meeting that China was willing to buy as much Spanish public debt as its Greek and Portuguese debt holdings combined, the sources told El Pais. They said that added up to about 6 billion euros in Spanish government bonds.

Source: finance.yahoo.com

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