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Home About Us Contact Us Sign Up Feedback 9 February 2010
Foreign central banks have never been more important as buyers of Western government debt. But as fears grow over the direction of major currencies and interest rates, markets will have to think twice about the drivers of official sector demand. Taimur Ahmad reports.

In November, Lee Chuan Teck, head of reserve management at Singapore’s central bank, urged official sector investors — particularly wealthy Asian central banks — to take advantage of a generalised flight to safety into Western government bonds by shifting foreign exchange reserves into riskier assets.

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The country’s sovereign risk premium has jumped but Mexico is profiting from its historically clean debt profile and array of funding sources — for now
The global financial crisis has transformed emerging market sovereign risk premiums and debt management tactics. Countries need to tread carefully as they return to external debt markets to meet rocketing financing needs.
Chile is in a league of its own as it snubs local and global markets and raids its reserves
Paulo Valle, head of public debt operations at Brazil’s National Treasury talks about the sovereign's domestic and global debt strategies.
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