If a bond issued at par goes to 116, that's not a bubble, says original (bond) gangster Dan...

|By:, SA News Editor

If a bond issued at par goes to 116, that's not a bubble, says original (bond) gangster Dan Fuss. "If it goes to 250, that's a bubble, and that doesn't tend to happen with bonds." The strong performance of fixed income reflects a strong market, he says, but one with room yet to grow.