Mr daube says : " we have to borrow much higher volumes these days . Hence , it makes a lot of sense for us to meet investors , so we can answer their questions . They appreciate this . "
This month carl heinz daube , the head of germany 's formidable debt management agency , did something that would have seemed almost unimaginable or unnecessary five years ago .
What carl heinz daube 's trip shows is that even the big economies need to cultivate the buyers of their debt and build up their relationships with investors , such as the swfs , which hold billions of dollars in government bonds .