Corporate debt bubble

The European Central Bank reduced its Greek bond holdings by €172 million in June and July, to €37.979 billion, €1.82 billion from its spring 2022 high of €39.8 billion.

The ECB had purchased these bonds as part of its Pandemic Emergency Purchase Program (PEPP) despite the fact that Greek debt was, and still is not, investment grade.

The Federal Reserve on Feb. 18 formally adopted sweeping new rules that will limit the ability of its top officials to invest in financial markets, a change intended to prevent conflicts of interest involving investments affected by Fed policies.

The stricter rules were developed after an outcry last year over questionable trades that were made by several top Fed policymakers.

Turkey's short-term external debt stock totaled at $126.9 billion as of end-August, the country's Central Bank announced on Oct. 15. 

The amount of debt that must be paid over the next 12 months increased 11.1% compared to the end of last year, the bank said in a statement.

Turkey's short-term external debt stock stood at $125.3 billion at the end July, according to data released on Sept. 17. 

The debt that must be paid in a year or less climbed 9.7% in July compared to the end of 2020, according to the Turkish Central Bank.

A total of 40.7% of the debt stock is in U.S. dollars, 25.8% in euros, 13.3% Turkish liras, and 20.2% in other currencies.

100 million euros worth of internal debt in government bonds is being offered to investors. This is the first debt issuance since the spring of 2021, and in the term of office of caretaker Minister of Finance Assen Vassilev.

Turkey's short-term external debt stock totaled at $121.7 billion as of end-June, the country's Central Bank revealed on Aug. 19.

class='cf'>

The amount of debt that must be paid over the next 12 months increased 6.5% compared to the end of last year, the bank said in a statement.

JP Morgan expects a new Greek entry into the markets in the coming weeks, either through the issuance of a new reference bond (5-7 years) or through the opening of bid books for existing securities (10 years), proposing a partial profit in view of the new offer of securities.

Greece intends to borrow 10 billion to 12 billion euros ($14.60 billion) by issuing short-term and long-term debt in 2021, about the same amount as this year, in a bid to ensure its continual presence in debt markets, two government sources told Reuters on Tuesday.