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The risk premium that investors demand for holding Brazilian debt has dropped from nearly 20 percentage points in October to just above ten now.
The average risk premium on better-rated corporate debt has dropped to 1.65 percentage points over Treasury yields, from 2.32 percentage points in early September, according to Barclays Capital.
12.12pm BST Spanish debt insurance costs fall Another positive signal for Spain: the cost of insuring its debt has dropped sharply today to the lowest point since July 2011.
According to Stuart Culverhouse at Exotix, a broker, the yield on emerging market government dollar debt has dropped to 4.4% which is a low for the decade and very probably an all-time low.Investors are very keen on extra income, just as they were in 2006 and 2007, and will flock to any asset class that provides it.
According to Standard & Poor's (S&P), a ratings agency, Indonesian public debt has dropped from 65% of GDP in 2001 to less than 30% now.There are exceptions to this rosy picture, the obvious one being Asia's most developed market, Japan, whose gross public debt is almost 200% of GDP.
Expressed as a percentage of total capitalization, long-term debt has dropped to 31%, versus 92% in December of 2002.
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Since the bank decided to include the country's debt in its index on 15th August, yields on Nigerian debt have dropped by an average of 400 basis points (see chart).Such dramatic moves reflect the fact that investors who follow an index-tracking strategy need to rebalance their portfolios when the composition of an index changes.
Since household debt peaked in the third quarter of 2008, student loan debt has climbed by $293 billion, while other types of debt have dropped by $1.53 trillion, the Fed report said.
Johnston insists that, when published in June, annual figures will show that debts have dropped to around £22m.
The household debt burden has dropped by about 5% of disposable income and helped keep the decline in home prices to a modest 3% in 2008, compared to double-digit drops in the U.S. and the U.K. Hong Kong investors will be eyeing property giant Cheung Kong Thursday as it tells investors about its latest financial results.
Similarly, year-to-date global equity issuance is down 31percentt and debt issuance has dropped 9percentt.
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