Gross borrowing of OECD governments from the markets is set to surpass $11tn this year. This would be a new record, above the current record of $10.9 trillion set in 2010.
The latest SESFOD shows that the credit terms offered to counterparties for both securities financing and OTC derivative transactions is further tightened.
The most important question for the 30th Jan Fed meeting balance sheet policy, because it is also most underrated by the market.
Japanese exports record a year-on-year drop of 3.8% in December 2018, the most substantial shrinkage since October 2016.