Top Goldman Sachs Official Warns Of Potential Bloodbath In The Bond Market

Thursday, February 17, 2011 07:49
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Top Goldman Sachs Official Warns Of Potential Bloodbath In The Bond Market

Tags: bonds | inflation | U.S. economy

Surging economic growth could lead to a “savage bear market” in bonds, says Jim O’Neill, chairman of Goldman Sachs Asset Management.

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U.S. government bonds could repeat the dismal performance of 1994, when the Federal Reserve raised interest rates to combat inflation and Treasuries plunged 3.3%, O’Neill said in a Bloomberg Television interview.
 

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