Not exact matches
Until recently, the main valve had been buying
foreign government
debt, particularly U.S. Treasuries.
I think it is true to say that there has not been a lot of unhedged
foreign currency borrowing occurring among Australian corporates since the days of the «Swiss franc loans» of the mid-eighties, but I will postpone discussion of that topic
until I deal with
foreign debt in the second half of this talk.
Foreign demand for Treasury
debt is expected to stay strong this year, helped by a congressional agreement to avoid a fight over the U.S.
debt ceiling
until March 2015.
The national
debt will grow
until a Greek like bond market crisis occurs and interest rates are forced up sharply by the global bond market (
foreign creditors).
The company, which was among the most aggressive buyers of
foreign assets
until recently, has sold real estate and entertainment assets in China amid government concerns about excess
debt.