BoE’s FPC sees risks lurking in global debt markets
Committee highlights “material” global vulnerabilities, particularly in debt markets
The Bank of England’s financial policy committee flags “material risks” in global debt markets in a statement on March 16.
The committee notes that while the global growth outlook has strengthened, vulnerabilities still stem from potential interest rate volatility. “Across major markets, spreads between corporate and sovereign bond yields remain compressed, particularly for high-yield corporate bonds,” says the FPC. “Against that market backdrop, risks stemming from corporate debt in the United
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