World facing ‘debt tsunami’ – Bloomberg ...News

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World facing ‘debt tsunami’ – Bloomberg
source : Russia Today ( News ) () 62
Bond yields have risen substantially in developed countries, with central banks offloading their vast holdings Sovereign bond sales could increase further next year as budget deficits balloon across the developed world, Bloomberg reported this week. According to the outlet’s analysis, this comes at a bad time as central banks have accelerated the reduction of huge bond holdings amassed through quantitative easing. “This double whammy means bond yields, particularly at the longer end of the curve, are set for a difficult 2024,” Bloomberg wrote, suggesting the US Federal Reserve, the European Central Bank, and the B

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