United States one dollar bills are inspected under a magnifying glass during production at the Bureau of Engraving and Printing in Washington November 14, 2014. REUTERS/Gary Cameron
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The amount of debt that the governments of the world's leading economies will need to refinance in 2016 will be little changed from last year as nations make strides in cutting budget deficits to a third of the highs seen during the financial crisis.Russia and Brazil will see the biggest proportional declines in debt redemptions, with securities coming due tumbling by 38 percent and 26 percent, data compiled by Bloomberg show.Government bonds eked out a 1.2 percent gain for investors in 2015, compared with 8.4 percent in 2014 and an average 4.4 percent return over the past five years, according to Bank of America Merrill Lynch indexes. U.S. 10-year Treasury yields will climb to 2.75 percent by the end of 2016, according to the median forecast of 65 analysts surveyed by Bloomberg, from 2.21 percent as of 10:07 a.m. in New York.The average sovereign yield in Bank of America Merrill Lynch's Global Government Index climbed to 1.1 percent, from an all-time low of 0.82 percent reached in January last year.
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