Offshore investing in bonds hit highest level since pandemic
There was $1.76 in credit market debt for every dollar of household disposable income in Q1
High rates, cautious consumers driving insolvency trends
Corporate and government borrowing hits highest level since pandemic
The decline is the first drop in a year, S&P says
The value of money owed by governments rose by US$5.6 trillion from 2022, UN Trade and Development says
Market has evolved dramatically since the global financial crisis
Rating outlook remains negative as credit fundamentals weaken
Forthcoming mortgage resets will continue driving debt service costs higher in certain markets
Cost-of-living crisis and higher interest rates eat into household budgets