Hot bond market spurs debate about bubble
US bond issuance in 2012 topped the US$1trn mark last week, pushing the year’s total closer to the all-time record in 2007 – set just before the global financial crisis kicked in. And the state of the red-hot market, driven by the Federal Reserve’s low-rates policy, is the subject of equally hot debate over whether we are in the same kind of bubble five years on.
Please login
