Developing Countries Issue Sovereign Debt (Lots of)

In the FT, Elaine Moore reports that “[d]eveloping economies are on course to raise a record sum on global debt markets this year, as ultra-low rates in the developed world cheapen borrowing costs for countries from Asia to South America.” By the end of the year, hard currency debt sales by countries such as Mexico, Quatar, Saudi Arabia and Argentina are expected to reach USD 125 billion.