Financial Times – Deluge of debt feeds fear of backlash in bond markets

A seemingly failed lunar moon landing, warnings of “unmoored” worldwide public debt, and Bet365 boss’s substantial annual earnings all feature on the front page of the Financial Times. 

The paper reports that investors are warning governments around the world over “unmoored” levels of public debt, saying that borrowing pledges ahead of the dozens of elections set to take place globally this year risk sparking a “bond market backlash”. 

It quotes one analyst from British-American asset management group Janus Henderson saying that deficits are “out of control and… there’s no mechanism for bringing them under control”.