NALM Africa 2011: African central banks rethink reserves allocations
Central banks in a number of African countries are reconsidering their allocation biases to US Treasuries and eurozone debt securities, following the collapse in US sovereign debt yields and concern about financial stability in the eurozone, according to speakers and delegates attending Central Banking's Asset and Liability Management (NALM) Africa 2011 event in South Africa.
The latest statistics from the US Treasury show the yields on two- and five-year treasuries to be 0.27% and 0.97%
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