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Piketty argued in 2010 that the European Central Bank should buy up all the debts issued by governments to counteract the recession, and put off any interest rate rises until inflation rises to 5%.
With investors chasing anything with a decent yield, they've piled into lower quality bonds — such as "junk bonds" issued by companies with poor credit ratings, and debts issued by governments in emerging markets — greatly narrowing the interest-rate premiums that such securities normally carry.
At the time, the country's laws regulating debt, especially the collection of outstanding debts issued by private creditors, was still relatively unclear.
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Cancel student debt issued by the Student Loans Company.
The fund bought defaulted Argentine debt issued under New York law.
2. Corporate debt looks more attractive than debt issued by the government.
Not only have they been big buyers of debt issued by the investment trusts.
Bank debt issued in private equity transactions historically contained "maintenance" covenants.
Officials insisted that the system would apply only to new debt issued by countries.
July was the first month that the total Treasury debt issued to the public topped $10 trillion.
His pledge was backed by a new scheme to buy up debt issued by troubled governments.
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CEO of Professional Science Editing for Scientists @ prosciediting.com