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Greenspan ‘Nervous’ Bond Prices Too High as Treasuries Sell Off

  • ‘What I’m concerned about mostly is stagflation,’ he says
  • U.S. wraps up week’s $103 billion of coupon auctions
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Greenspan: Yields at Root of Economic Sluggishness

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Alan Greenspan is worried bond prices have risen too high.

“We get very nervous when the stock price index goes to high p/e, we ought to be somewhat nervous when the bond rate does the same,” the former Federal Reserve chairman said in an interview Thursday with Bloomberg Television.