Shock Vulnerability of Sovereign Debt Is Mounting, OECD Says

A combination of record sovereign debt, fleet-footed investors and shorter-term borrowing is leaving bond markets ever more vulnerable to shocks, the OECD warned.

In a report on Wednesday, the Paris-based club of rich nations cautioned about mounting risks as the US leads a continued increase in advanced-economy issuance against a backdrop of global uncertainty and shifting financial tectonics.