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Total global debt tops $217 trillion, 325 pct of GDP

Total world debt levels rose to more than 325 percent of the world's gross domestic product last year as government debt rose sharply, a report from the Institute for International Finance showed.

The IIF's report found that global debt had risen more than $11 trillion in the first nine months of 2016 to more than $217 trillion. The report also found that general government debt accounted for nearly half of the total increase.

Emerging market debt rose substantially, as government bond and syndicated loan issuance in 2016 grew to almost three times its 2015 level. China accounted for the lion's share of the new debt, providing $710 million of the total $855 billion in new issuance during the year, the IIF reported.

Higher borrowing costs in the wake of the U.S. presidential election and other stresses, including "an environment of subdued growth and still-weak corporate profitability, a stronger (U.S. dollar), rising sovereign bond yields, higher hedging costs, and deterioration in corporate creditworthiness" presented challenges for borrowers, the IIF said in its report. 

 

Additionally, "a shift toward more protectionist policies could also weigh on global financial flows, adding to these vulnerabilities," the IIF said. "Moreover, given the importance of the City of London in debt issuance and derivatives (particularly for European and EM firms), ongoing uncertainties surrounding the timing and nature of the Brexit process could pose additional risks including a higher cost of borrowing and higher hedging costs."

US Bond Yields

Fed + ECB Balance Sheets

CDS Rates - Countries, Banks

17. März 2017

  BANK S&P LGFR.KREDITRATING S&P AUSBLICK MOODY'S LGFR. KREDITRATING CDS 5 JAHRE IN BASISPUNKTEN
  DEUTSCHLAND AAA - - 21,19
  HSBC AA- Negativ Aa2 59,52
  DZ BANK AA- Stabil Aa3 80,88
  UBS A+ Stabil A1 56,84
  RABOBANK A+ Stabil Aa2 63,47
  SEB A+ Stabil Aa3 44,65
  MACQUARIE BANK A Negativ A2 78,24
  ING BANK A Stabil A1 62,55
  SOCIETE GENERALE A Stabil A2 85,90
  BNP PARIBAS A Stabil A1 85,02
  NATIXIS A Stabil A2 75,92
  ERSTE BANK A- Positiv Baa1 116,62
  BARCLAYS BANK A- Negativ A1 72,26
  JPMORGAN CHASE A- Stabil A3 53,20
  BANCO SANTANDER SA A- Positiv A3 105,10
  NOMURA A- Negativ Baa1 93,46
  ROYAL BANK OF SCOTLAND HOLDING BBB+ Stabil A3 110,27
  DEUTSCHE BANK BBB+ - Baa2 126,68
  GOLDMAN SACHS BBB+ Stabil A3 78,50
  RAIFFEISEN ZENTRALBANK BBB+ Negativ Baa2 107,90
  CITIGROUP BBB+ Stabil Baa1 61,73
  COMMERZBANK BBB+ - Baa1 112,33
  CREDIT SUISSE BBB+ Stabil Baa2 107,97
  BANK OF AMERICA BBB+ Stabil Baa1 59,47
  UNICREDIT BBB- Stabil Baa1 169,75
  ROYAL BANK OF SCOTLAND BBB- Stabil Ba1 87,01

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