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Wall Street Sounds Bond Warning as Holdings Shift Sparks Concern

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Global Bond Rout: Europe vs. World Markets

More Wall Street executives are sounding alarms about the bond market.

The latest to warn were Gary Cohn, president of Goldman Sachs Group Inc., and Anshu Jain, co-chief executive officer of Deutsche Bank AG. The concern is bond investors looking to buy, or especially to sell, will face wide prices swings and higher costs to get a transaction done.