GOVERNMENTS ARE SELLING BONDS AT RECORD PACE AS SPENDING SOARS

GOVERNMENTS ARE SELLING BONDS AT RECORD PACE AS SPENDING SOARS GOVERNMENTS ARE BORROWING FROM SYNDICATED BOND MARKETS AT A RECORD CLIP AS PUBLIC SPENDING SURGES. SOVEREIGN ISSUERS HAVE SOLD $504 BILLION OF DEBT SO FAR THIS YEAR, ACCORDING TO DATA COMPILED BY BLOOMBERG. THAT’S MORE THAN IN THE FIRST HALF OF 2020, WHEN NATIONS WERE PAYING TO SUPPORT THEIR ECONOMIES DURING COVID-19 LOCKDOWNS. BUDGET DEFICITS HAVE BEEN CLIMBING SINCE THE GLOBAL FINANCIAL CRISIS. THEY SPIKED DURING THE PANDEMIC, W

Record $504 billion debt sale signals systemic risk from surging government spending.