The New CS Board

[jumanji0881]

World's Top Economies Brace For $13 Trillion Debt Maturity Vortex : https://www.zerohedge.com/markets/worlds-biggest-economies-prepare-13-trillion-debt-maturity-wall

My comment : So, can the Fed keep interest rates low with the economy beginning to recover and fiscal stimulus likely to increase dramatically ? I doubt it.

Excerpt:
Despite surging coronavirus infections, hospitalizations, and deaths weighing on the global recovery as the vaccination rollout is much slower than first anticipated, central banks will continue to pin interest rates near zero to keep borrowing costs low to allow these countries to roll over their pandemic debt.

The largest government debt refinancing will be in the US, with $7.7 trillion of debt coming due, followed by Japan with $2.9 trillion. China has $577 billion coming due, Italy has $433 billion, followed by France's $348 billion. Germany has $325 billion.

All of the countries' respective central banks will need to hold interest rates as low as possible for debt refinancing. No country - whatsoever - can afford to pay higher interest on debt in these challenging times.

The bottom line: With sovereign yields plunging to record lows, it is only reasonable that governments across the world flood the market with as much debt as possible, to roll over 2020 pandemic debt, and also attempt to thwart a double-dip recession. As long as sovereign yields stay low, global debt will soar.