Pacific Investment Management Co.’s Andrew Bosomworth said a bubble is starting to form in Germany’s government bond market amid the European sovereign debt crisis.
The 10-year German bund yield may still fall to less than 1 percent before the market turns, Bosomworth, a money manager with the Newport Beach, California-based company, said in an interview today on Bloomberg Television’s “City Central” with Francine Lacqua, Guy Johnson and David Tweed.
The yield on the bund was little changed at 1.36 percent at 12:14 p.m. London time, after falling to a record 1.345 percent.
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