Bond Markets Hit Another 'Ukrainian Chicken Moment' - Bloomberg View: "The mood music currently playing in the bond market is eerily reminiscent of what preceded the bankruptcy of Lehman Brothers and the financial destruction that followed. Back then, the financial community was sleepwalking into disaster, with few investors sounding the alarm bells until it was too late. Now, though, there's a chorus of smart investors pointing to the risks of complacency; as recently as Aug. 31, bond guru Bill Gross warned that investors were "treading on thin ice." It may turn out that paying for the privilege of lending to a European drug company makes about as much sense as handing your money to a Ukrainian chicken farmer."
'via Blog this'
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