Global sovereign bond issuance reaches $504 billion According to a report by Golden Finance, on June 10th, governments around the world are borrowing from the syndicated bond market on a record scale due to a significant surge in public spending. Bloomberg compiled data showing that so far this year, sovereign bond issuers have sold $504 billion in bonds. This figure even exceeded the circulation in the first half of 2020, when governments were spending huge sums of money to support the economy during the blockade of the COVID-19 epidemic. Since the global financial crisis, budget deficits have continued to rise. During the pandemic, the deficit further surged due to interest rates being lowered to historical lows. Now, as governments around the world increase defense spending and attempt to protect families from price shocks caused by the Iran war, the deficit is once again widening. In addition, the aging population and rising interest rates have also intensified the pressure. Another factor driving the increase in bond issuance is the higher redemption volume at maturity than usual, because bonds during the COVID-19 epidemic have begun to mature in succession.