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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

China not seen as rescuer for Italy

Posted on 14 September 2011

China’s government isn’t likely to ride to the rescue of the debt-hobbled Italian government, analysts said, and buyer interest in an Italian bond auction was decidedly lackluster after news of meetings between Chinese sovereign-wealth officials and Italian leaders had fueled a short-lived rally in world markets Monday.
Sentiment cooled significantly Tuesday, as a €6.5 billion ($8.89 billion) Italian bond auction ended poorly despite yields at euro-era highs……………………………………….Full Article: Source


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