Hunan Cathay Huayi Precious Metals Investment Promotion
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b from the UK From the Brexit referendum to the US presidential election, this year has been a year in which countries around the world have experienced many political turmoils. Amid the turmoil, populism in Europe and the United States is showing rising momentum, which has affected the outlook for sovereign credit ratings of some countries.
b According to reports from the US financial website r, since this year, the international rating agency Moody's has issued a downgrade of its sovereign credit rating, including Austria, Turkey and Saudi Arabia, but has only issued an upward revision.
b Not only that, b Among the countries assessed by Moody's, one country's current sovereign credit rating outlook is negative, and this proportion has reached the largest level since the European debt crisis in 2008.
Only one country has a positive outlook on its sovereign rating.
b According to data from the Bank for International Settlements B r
at the end of last year, b this means that at least one trillion US dollars of government debt is at risk of a credit rating downgrade
. Of course, this amount only accounts for about all outstanding debt, and the countries affected are basically emerging economies except the United Kingdom.
b Currently, the global bond market is experiencing a wave of selling, with more than one trillion US dollars in market value evaporating last week. Bond yields, especially long-term bond yields, are rising sharply. If that means the end of the years-long bond bull market, governments may have to face higher borrowing costs after years of low interest rates.
b This round of bond market selling was triggered by Trump
r’s election as President of the United States.
Traders believe he will stick to his fiscal stimulus plan, especially a substantial increase in infrastructure spending. Such a move would push up inflation, which would be bad for bond markets because higher inflation would erode the purchasing power of bond yields.
Hunan Cathay Huayi Precious Metals Investment Promotion