interest costs

21 Jul

Global Sovereign Interest Costs Hit Over $2Trn – Fitch Ratings

wontumionlineBusinessdeveloped markets, emerging markets, Fitch Ratings, interest costs

Fitch Ratings has indicated it expects its portfolio of rated sovereigns to pay around $2.3 trillion in interest costs in 2023. This represents a steep rise in interest spending since 2020, with a greater increase of 47% in developed markets (DMs), compared with 40% in emerging markets (EMs). The trend reflects an end to the era of low inflation and, at least for DMs, a period of exceptionally low-interest rates. Aggregate annual government interest payments by Fitch-rated DM sovereigns were fairly steady at around $900 billion to $1 trillion over 2007-2021, even though their median level of government debt/Gross Domestic…

13 Mar

Force T-bills Rates Down – Finance Expert To Government

wontumionlineBusinessinterest costs, Joe Jackson, T-Bills

Finance expert and Director of Operations at Dalex Finance, Joe Jackson, wants government to force Treasury bills rates further down to about 15% to reduce its interest costs, and consequently lending rates. The government saved about ¢220 million as interest costs last week for bringing the yield on T-bills down to an average of about 25.50%. The rates went down again to about 22.50% on the average on Friday March 10, 2023. There are also indications that interest on the short term securities’ will fall again in the coming weeks because of the high demand. Mr. Jackson tells Joy Business…