Li Keqiang, the Vice President of China, wrote an article in Spain’s largest newspaper, El Pais, and pledged to buy Spanish public debt. This may well help the lower the yields, and allow cheaper refinancing for Spain throughout 2011. Spain has a lot of money to rollover / pay back, especially at the beginning of the year. This consists of government, regional communities and municipalities. Spanish ten-year bond yields opened the year very stable – at around 5.44%, almost unchanged from their level at the end of 2010. Most European markets are closed today, in a long New Years’ weekend. Here’s a quote from AFP: “Since China is a responsible investor country in the long-term on the European financial markets, and in particular in Spain, we have confidence in the Spanish financial market, which has been translated into the acquisition of its public debt, something we will continue to do in the future,” he said. This may well be merely a verbal gesture – Li Keqiang begins a visit in Spain, and will then continue to Germany and Britain, so it’s still to be seen if and how deep the Chinese will intervene in the European debt crisis. EUR/USD is recovering – it crossed the 1.3334 line, but is till below the closing number of 2010 – 1.3383. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex Bits share Read Next USD/CAD Starts 2011 With a Bang Yohay Elam 12 years Li Keqiang, the Vice President of China, wrote an article in Spain's largest newspaper, El Pais, and pledged to buy Spanish public debt. This may well help the lower the yields, and allow cheaper refinancing for Spain throughout 2011. Spain has a lot of money to rollover / pay back, especially at the beginning of the year. This consists of government, regional communities and municipalities. Spanish ten-year bond yields opened the year very stable - at around 5.44%, almost unchanged from their level at the end of 2010. Most European markets are closed today, in a long New Years' weekend.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.