Sunday, July 11, 2010

Trillions of Bank Debt coming due

by Bill McBride on 7/11/2010 05:35:00 PM

Here is the Weekly Summary and a Look Ahead (it will be a busy week).

And some more on bank debt coming due (yesterday the WSJ has a brief article on this) ...

From Jack Ewing at the NY Times: Crisis Awaits World’s Banks as Trillions Come Due

Banks worldwide owe nearly $5 trillion to bondholders and other creditors that will come due through 2012, according to estimates by the Bank for International Settlements. About $2.6 trillion of the liabilities are in Europe.
And an answer to some questions on sovereign default:
  • Part 2B: More on Historic Sovereign Default Research

    Last week:
  • Part 1: How Large is the Outstanding Value of Sovereign Bonds?

  • Part 2. How Often Have Sovereign Countries Defaulted in the Past?

  • Coming Monday: Part 3. What are the Market Estimates of the Probabilities of Default?