Rising costs expected to become the biggest addition to sovereign debt: Moody's Ratings - CNBC
Rising costs expected to become the biggest addition to sovereign debt: Moody's Ratings - CNBC
Source: CNBC
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DW NOTE
Moody's is stating the obvious a decade late. Sovereign debt service costs have already exploded — the US paid $1.13 trillion in interest last fiscal year, more than defence spending. When your 10-year is at 5.24% and climbing, rising costs aren't the "biggest addition" to come — they're the crisis you're already in.