debt

National Debt Tops $24 Trillion

National Debt Tops $24 Trillion

By Michael Maharrey

The US national debt pushed above $24 trillion on Tuesday.

The US government was already running massive budget deficits long before the coronavirus pandemic and the debt was piling up at a dizzying pace. Response to the outbreak has put spending and debt in hyperdrive.

Global Negative Yielding Debt Hits Record $12.3 Trillion

 Global Negative Yielding Debt Hits Record $12.3 Trillion

By Tyler Durden (Reposted from Zero Hedge)

Somewhere, SocGen's permabearish strategist Albert Edwards is dancing a jig, as every day that passes bring us every closer to his trademark "Ice Age."

One week after the universe of negative yielding debt regained its prior high of $11.7 trillion, overnight - thanks to the dovish capitulations by both the ECB and Fed - the notional value of global sovereign debt with a minus yield sign jumped to $12.3 trillion, a new all time high.

The collapse in yields started on Tuesday morning when Mario Draghi said that the central bank might also trim rates and resume its bond-buying should inflation continue to languish well below its 2% target (recently European 5Y5Y forwards hit an all time low but have since rebounded following Draghi's comments).