U.S. Bond Market May Be in ‘Bubble,’ Yale’s Shiller Says
January 11 — The U.S. bond market surge that has pushed debt yields to record lows may constitute a “bubble,” said Robert Shiller, a Yale University economics professor who predicted the collapse of the U.S. housing market.
“I would say we’re at record low” on long-term rates, the co-creator of the S&P/Case-Shiller home-price index said today at a conference in Oslo. There has been “gradually increasing confidence in U.S. debt” in the past 30 years, he said. Read more.
