Orderly Debt Absorption

Global debt keeps rising in nominal terms, but lower inflation volatility and steady nominal GDP growth prevent a broad funding crisis. The U.S. Treasury, ECB-area governments and Japan continue to find buyers for large issuance, with pension funds, insurers and banks absorbing supply at moderately higher coupons.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.