Alan Greenspan, former chairman of the Federal Reserve, says investors shouldn't be concerned about a bubble in the stock market but should worry about one in bonds. "The real problem is that when the bond-market bubble collapses, long-term interest rates will rise," Greenspan said.
Sign up for IACPM Weekly SmartBrief
Credit market news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.