Goldman is on lookout for Asian bond bubble

11/15/2012 | Bloomberg

A flood of capital into Asian bond markets during the past year might be creating a bubble, according to Goldman Sachs Asset Management. "If bond demand continues at these levels and distorts prices for a long period of time, the likelihood of asset bubbles increases," said Owi Ruivivar, a senior fixed-income portfolio manager. "The main issue with this increased flow of funds chasing emerging-market bonds is that prices do not fully reflect economic fundamentals."

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