What Do These Numbers Have In Common: 1,039,000,000,000,000 And 2,170,000,000,000

Tyler Durden's picture

With Japanese and Italy 10Y bond yields hitting all-time record lows (0.505% and 2.626% respectively), one could be forgiven for thinking that all-is-well as term or devaluation premia are oddly missing. However, as the following two charts show, Japan and Italy just broke another record - sovereign debt loads (1.038 quadrillion JPY and 2.17 trillion EUR respectively).

 

Japan  - having topped 1 Quadrillion early in the year - is marching ahead...

 

and Italy is not looking back - just look at that 'austerity'...

 

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Keynes would be proud...

 

Charts: Bloomberg