Are Sovereign Bonds Worth the Risk?
Bill Gross said sovereign bond yields at record lows aren’t worth the risk. “The sovereign bonds are not up my alley,” Gross, who built the world’s biggest bond fund at Pacific Investment Management Co. and is now at Denver-based Janus Capital Group Inc., said on Bloomberg Television Wednesday. “It’s too risky.” Low yields mean bonds are especially vulnerable because a small increase can bring a large decline in price, he said. Saxo Bank CIO Steen Jakobsen discusses with "On the Move" hosts Guy Johnson in London and Caroline Hyde in Berlin.
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Citigroup Sees Big Risks in Asian Dollar Bond Market
00:59 - Citigroup Head of Asia Credit Sector Specialists Manjesh Verma discusses the bond markets. He speaks on "Bloomberg Daybreak: Asia." (Source: Bloomberg)