Aberdeen CEO Says Bond Market Approaching ‘Dangerous Situation’
- Gilbert sees bubble brewing as bond prices hit record highs
- CEO says Federal Reserve needs to raise U.S. interest rates
A Dangerous Bond-Market Situation Looms, Warns Gilbert
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A bubble in the bond market is nearing a “dangerous situation” as asset-buying programs by central banks keep pushing up prices, Aberdeen Asset Management Plc Chief Executive Officer Martin Gilbert said.
“Bond prices are just at all-time highs,” the CEO said in a interview with Bloomberg Television’s Francine Lacqua. “The Bank of England buying even more is just going to push the price up even more. We’re getting into a dangerous situation.”