Sovereign debt issues in the OECD will reach a record level in 2019

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Sovereign debt issues in the OECD will reach a record level in 2019 A man holds some US dollar bills. EFE / Archive

The sovereign debt issuances in the OECD countries, which had reached a peak of 10.9 billion dollars in 2010, will reach a record that will exceed 11 billion this year due to the increase, in particular, of the United States.

These estimates appear in a report published this Friday by the Organization for Economic Cooperation and Development (OECD), which recalls that the new issues (which exclude the renewal of securities due to their expiration) had registered in 2017 its lowest level since 2008

However, in 2018 these new issues increased by 600,000 million dollars to 1.9 billion and by 2019 a new increase is expected, which will exceed 2 billion.

In relative terms, however, public debt will remain at the same level, 72.6% of the gross domestic product (GDP), thanks to the expected economic growth.

In 2007, before the crisis broke out, the debt in all the countries of the organization represented 49.5% of GDP and at that time Japan’s sovereign bonds accounted for 39% of the total of those traded in Japan. the market of the whole OECD, and the Americans 20%.

In 2018, the relative weight of US securities had increased to 39%, while that of the Japanese had decreased to 26%. (EFE) .-

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