Barclays braces for a macro storm

- By Lukas Becker
- @LukasBeckerRisk
- 02 Sep 2025

As developed countries continue to rack up deficits, the big question looming over markets is, who will buy the growing pile of sovereign debt?

Hossein Zaimi, global head of macro at Barclays, doesn’t have the answer, but he is pretty sure the prevailing view in financial and government circles is wrong.

“The sustainability of the debt in developed markets is a problem that needs to get solved one way or the other. Nobody knows how, but it needs to get solved,” says Zaimi, who oversees the rates

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