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Bond Tab for Biggest Economies: $7.43 Trillion in 2014

To what degree are increases in bond yields affecting the refinancing of sovereign debt around the world?

By Anchalee Worrachate, Bloomberg | Updated on January 06, 2014

The world’s biggest economies will need to refinance $7.43 trillion of sovereign debt in 2014 as bond yields begin to climb from record lows, threatening to raise borrowing costs while nations struggle to bring down elevated budget deficits.

The amount of bills, notes, and bonds coming due for the Group of Seven (G-7) nations plus Brazil, Russia, India, and China (BRIC) is little changed from 2013 after dropping from $7.6 trillion in 2012, according to data compiled by Bloomberg. At $3.1 trillion, representing a 6 percent increase, the U.S. faces the largest tab. Russia, Japan, and Germany will see refinancing needs drop, while those of Italy, France, Britain, China, and India increase.

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