CORRECTED-Loomis Sayles' Fuss says buying Irish govt bonds

Wed Oct 13, 2010 1:28pm EDT

(Corrects timing of debt sale in third paragraph)

NEW YORK Oct 13 (Reuters) - Dan Fuss, who as vice chairman at Loomis Sayles helps oversee $150 billion, said on Wednesday the firm has been buying Irish government debt aggressively in recent weeks for its attractive yield and "very decent" credit quality.

"We have a completely different view of Irish debt than the rest of the world," Fuss told Reuters. "The bonds have been and continue to be cheap. Their yield is attractive relative to the view expressed in the market on Ireland's credit quality."

Ireland sold 1.5 billion euros of government bonds on Tuesday Sept. 21 and analysts said there was solid demand for the debt although Dublin had to pay a higher price to get the bonds away. The Irish sale followed Greek and Spanish T-bill auctions, with the Greek offering attracting hefty demand from foreign investors. (Editing by James Dalgleish)

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