Skip to content

Subscriber Only

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

Video player cover image — Greenspan: Yields at Root of Economic Sluggishness

By

Jeanna Smialek and

July 28, 2016, 1:23 PM UTCUpdated onJuly 28, 2016, 9:02 PM UTC

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.