Wednesday, November 03, 2010

Musical chairs...

...With Nippon's MOF conducting similar monetary spec-ops, who benefits and who experiences detriment?

On your marks! Set! PURCHASE!

The European Central Bank bought Irish government bonds today,
according to two traders with knowledge of the transactions.

The ECB purchased short-dated maturities, said the traders, who asked
for anonymity because the deals are confidential. A central bank
spokesman declined to comment when contacted by telephone in

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