Economics
Even $8.7 Trillion Bond Rollover Can’t Solve Safe-Asset Drought
- Supply bump from U.S., Japan not enough to sate huge appetite
- Amundi’s Mortier loads up on Treasuries going into new year
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The world’s biggest economies may roll over $8.7 trillion of debt maturing this year, but it won’t go far in sating almost bottomless demand for government bonds.
The value of bills, notes and bonds coming due for the Group of Seven nations plus key emerging markets is up 25% from five years ago and slightly higher than the $8.6 trillion last year, according to data compiled by Bloomberg.