Bond Bubble Threatens Global Financial System: Bank Of England’s Andy Haldane Warns
By Satya Nagendra Padala
IBTimes.com
June 13 2013
Andy Haldane, a senior Bank of England, or BOE, official on Wednesday, warned that the bond market was caught up in the biggest bubble in history, posing a serious threat to the stability of the global financial system.
“If I were to single out what for me would be biggest risk to global financial stability right now it would be a disorderly reversion in the yields of government bonds globally. There had been “shades of that” in recent weeks as government bond yields have edged higher amid talk that central banks, particularly the US Federal Reserve, will start to reduce its stimulus,” Haldane, the BoE’s director of financial stability, said in a testimony to British MPs, the Guardian reported.
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