What is the world's largest debt market? (2024)

What is the world's largest debt market?

Valued at over $51 trillion, the U.S. has the largest bond market globally. Government bonds made up the majority of its debt market, with over $26 trillion in securities outstanding. In 2022, the Federal government paid $534 billion in interest on this debt.

How big is the global debt market?

Total global debt (public plus private debt stocks) fell 10 percentage points of GDP in 2022 to 238 percent of GDP (Figure 1 and Table 1). In US dollar terms, debt amounted to USD 235 trillion, or USD 200 billion above its level in 2021.

Who are the largest investors in the debt market?

Traditionally, the banks have been the largest category of investors in G-secs accounting for more than 60% of the transactions in the Wholesale Debt Market. 12 Who regulates the fixed income markets? The issue and trading of fixed income securities by each of these entities are regulated by different bodies in India.

How big is the US Treasury market?

Trading (as of January) $904.0 billion ADV, +7.9% Y/Y. Outstanding (as of January) $26.5 trillion, +9.9% Y/Y.

How big is the US fixed-income market?

Outstanding (as of 4Q21) $52.9 trillion, +5.5% Y/Y.

Is China's debt higher than the US?

Debt as a share of GDP has risen to about the same level as in the United States, while in dollar terms China's total debt ($47.5 trillion) is still markedly below that of the United States (close to $70 trillion). As for non-financial corporate debt, China's 28 percent share is the largest in the world.

Which country owns the most U.S. debt?

Who owns over 70% of the US debt?

Who owns the most U.S. debt? Around 70 percent of U.S. debt is held by domestic financial actors and institutions in the United States. U.S. Treasuries represent a convenient, liquid, low-risk store of value.

Which company has the most debt in the world?

As of February 2023, the Japanese car manufacturer Toyota was the company with the highest debt worldwide, amounting to 217 billion U.S. dollars. The Chinese property developer Evergrande followed in second with a debt of roughly 170 billion U.S. dollars, with Volkswagen following in third.

Is the debt market bigger than the equity market?

The debt market, which includes all bonds and other debt instruments, is significantly larger than the equity market. This is because governments and companies often issue more debt than equity to finance their operations.

Who has more money than the U.S. Treasury?

Here are the billionaires with higher net worths than the U.S. cash reserves, according to Tuesday's ranking: Bernard Arnault, CEO of luxury group LVMH: $193 billion. Elon Musk, CEO of SpaceX, Tesla and Twitter: $185 billion. Jeff Bezos, founder and chief chairman of Amazon: $144 billion.

Who is the largest purchaser of US Treasuries?

For all the focus on China, Japan is actually the top holder of U.S. sovereign debt, with a total of $1.1 trillion.

Which American company has more money than the U.S. Treasury?

Apple has three times as much cash on hand as does the US government, and over twice as much as does the UK. These figures come to us from the Bank of America's wealth-management arm, US Trust, as reported by London's the Telegraph.

Does fixed-income do well in recession?

Fixed income has outperformed both cash and equities during recessions in the US since 1972. Interest rates tend to begin to decline three months ahead of recessions and reach a cycle low about five months into recessions.

How big is the US corporate bond market?

Outstanding (as of 3Q23) $10.6 trillion, +3.0% Y/Y.

How big is the US high yield bond market?

Today, the US high-yield bond market represents a $1.4 trillion market - up from $500 billion in 2002 - which represents roughly 15% of all outstanding corporate debt. According to Debtwire figures, US high yield issuance climbed 26% year-on-year, up from US$64.3 billion in H1 2022 to US$80.9 billion in H1 2023.

What country is not in debt?

Singapore is one of Asia's major financial centers. It is also one of the most prosperous countries on the planet. And all this has been achieved without taking on any meaningful public debt. In fact, very much like Norway, Singapore has more assets than debt.

Who has the worst debt?

At the top is Japan, whose national debt has remained above 100% of its GDP for two decades, reaching 255% in 2023.

Does Russia own U.S. debt?

The value of U.S. Treasury securities held by residents of Russia amounted to 33 million U.S. dollars in June 2023, the lowest over the period under consideration. Furthermore, in March 2020, the figure decreased sharply to 3.85 billion U.S. dollars, down from 12.6 billion U.S. dollars one month prior.

Does any country owe the US money?

With a debt of $290.5 billion, Switzerland ranks as one of the top countries that owe the US money. Investors in Switzerland have also increased their holdings of US debt. The country's other main creditors include countries such as Germany and France.

What happens if China dumps U.S. bonds?

If China “dumped” USA treasuries, they would take a serious monetary loss. The price of the treasuries would drop, effective raising the return for those who bought the bonds.

When was the last time America was debt free?

(In 1835, the $17.9 million budget surplus was greater than the total government expenses for that year.) By January of 1835, for the first and only time, all of the government's interest-bearing debt was paid off.

Who paid off all of America's debt?

President Andrew Jackson paid off the original national debt in 1835 because he didn't trust the paper money we issued. It was the only time it happened.

Why is America in so much debt?

It began rising at a fast rate in the 1980's and was accelerated through events like the Iraq Wars and the 2008 Great Recession. Most recently, the debt made another big jump thanks to the pandemic with the federal government spending significantly more than it took in to keep the country running.

How much debt can the US sustain?

We estimate that the U.S. debt held by the public cannot exceed about 200 percent of GDP even under today's generally favorable market conditions.