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Greenspan Warns Investors of Bond ‘Bubble’ Before Fed Moves

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Greenspan: Be Afraid of Pending Bubble in Bond Market

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Alan Greenspan has a warning for bond investors as the U.S. central bank prepares to raise its benchmark interest rate from close to zero.

“We have a pending bond market bubble,” the former Federal Reserve chairman said Monday in an interview on Bloomberg Television. “What ultimately will determine where it goes is to reach back and to ask ourselves where is the normal interest rate?”