Investors increasingly concerned about sovereign debt

12/14/2009 | Financial Times (tiered subscription model)

Yields on the government debt of the U.K. and Greece have increased sharply, causing concern among traders. Meanwhile, investors indicated that they are becoming more concerned about the massive budget deficit of Japan and the U.S. "There are growing concerns across a range of governments that fiscal positions are not sustainable," said Michael Saunders, a U.K. economist at Citigroup. "In the U.K. and in many other countries, these fiscal positions will get worse next year. This will put pressure on the government-bond markets."

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