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Fed's Bullard says he worries about bond market bubble

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(Globalpost/GlobalPost)

OWENSBORO Kentucky (Reuters) - St. Louis Federal Reserve President James Bullard said on Thursday he worries about low bond yields and whether a bond bubble is forming.

"Bond yields are extraordinarily low," Bullard told a business group in Owensboro, Kentucky, when asked whether the bond market was overbought and a bubble was forming. "I have worried some about this issue. I think when the 10-year Treasury was at 160 basis points, that seemed especially low to me."

(Reporting by Michael Flaherty; Editing by Paul Simao)

http://www.globalpost.com/dispatch/news/thomson-reuters/140717/feds-bullard-says-he-worries-about-bond-market-bubble