15.07.2011 - Shift in oil fundsí destination
Petrodollar savings are usually parked initially at central banks, which have traditionally bought liquid sovereign bonds in the US and the eurozone. The government then allocates part of the capital to sovereign wealth funds to invest more actively and generate profit for future generations. Central banks, for their part, may be less keen to continue accumulating government debt, especially US Treasuries..............................................Full Article: Source
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