Mumbai, Jan. 19 -- The International Monetary Fund (IMF) has stated today that heavy issuance and evolving investor appetite are pushing sovereign debt toward shorter maturities, reshaping market dynamics in major economies. Global sovereign debt is projected to exceed 100 percent of GDP by the decade's end. Lower policy rates have helped steady longer-term yields, even as term premiums rise amid heavy issuance and shifting investor appetite away from long-duration assets. Dutch pension funds are shortening portfolio durations, and traditional UK buyers, such as pension funds, are ceding ground to hedge funds. In both the UK and the US, issuance now tilts toward shorter maturities. Meanwhile, short-term rates have been rising, with bouts ...