Bond bubble fears rejected

first state's kevin colglazier says term is a misnomer with markets safe at current levels

Fears of a bond market bubble were played down by First State at the Investment Week Markets 2003 Forum. Kevin Colglazier, head of global fixed interest for the group, told delegates: 'We do not think there is a bond bubble either tactically or, over the longer term, strategically. Even the term 'bond bubble' is a bit of a misnomer. I make the case that it is safe for you and your clients to go into the bond markets at current levels.' Colglazier pointed out that with high inflation 'defeated' and extremely unlikely to make any kind of comeback in future years, the real returns availabl...