By Tani Fukui, Bryan Hartigan, David Heslam and David Richter
View from the U.S.
Debt markets in the U.S. have diverged. Household debt-related markets appear healthy while government debt levels have grown worrisome. Corporate debt markets have expanded, but are supported by still-healthy fundamentals.
View from Europe
Deleveraging continues among most households and corporates while government debt burdens have stabilized.
View from Asia
China credit markets are evolving, corporate debt is set to continue to rise. Elsewhere, Japanese government debt remains extraordinarily high.
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