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Wall Street Wealth Chiefs See Hottest Money in Private Markets

(Bloomberg) -- Morgan Stanley and Citigroup Inc. wealth executives are seeing private markets increasingly shape their businesses, marking a major shift from liquid assets that historically drove financial markets.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco, Paris Named Best Cities for Urban TransportationDC Busin

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Government debt glut could rock markets in 2025, BIS says

The threat of soaring government debt supply destabilising financial markets has intensified, the world's top central banking advisory body said on Tuesday, as it urged policymakers to act swiftly to prevent economic damage. Claudio Borio, head of the Bank for International Settlements' monetary and economic department, said he was on alert for a government debt glut causing bond market ructions that could spill over into other assets. "Financial markets are beginning to realise they will have to absorb these growing volumes of government debt," he said as the BIS published its latest quarterly report.

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