Dollar debt outside U.S. hits record $11 trillion

LONDON (Reuters) – The amount of dollar-denominated debt from countries and companies outside the United States has hit a record $11 trillion, new data from the Bank for International Settlements showed on Thursday.

The figures from the BIS, known as the central bank to the world’s central banks, showed the $11 trillion amount had been reached following a 5.2 percent rise year-on-year.

The data, which measured up to the end of September and does not count credit held by banks and other financial firms, also showed a 10.5 percent rise in euro-denominated debt to 2.9 trillion euros and a 3.3 percent rise in yen debt to 43.8 trillion yen.

Global debt levels have been driven higher over the last decade after top economies slashed interest rates following the financial crisis.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.