Saturday, December 1, 2012

Bond guru Dan Fuss doesn't see bond bubble

Dan Fuss, Vice Chairman of Loomis, Sayles & Company and called by some, “The Real Bond King,” tells Reuters’ Jennifer Ablan that a bond bubble is unlikely and argues, instead, that it is simply a very strong market.

"There's a limit you say 'Oh My Goodness, it was issued at 100 and it goes to 116' and you think that's a bubble - no that's not a bubble. If it goes to 250, that's a bubble and that doesn't tend to happen with bonds."

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