“A key Bank of England policymaker has warned of the risks to global financial stability when ‘the biggest bond bubble in history’ bursts. In a wide-ranging testimony to MPs, Andy Haldane, Bank of England director of financial stability, admitted the central bank’s new financial policy committee is taking too long to force banks to hold more capital and appeared to criticise the bank’s culture under outgoing governor Sir Mervyn King.  Haldane told the Treasury select committee that the bursting of the bond bubble – created by central banks forcing down bond yields by pumping electronic money into the economy – was a risk ‘I feel acutely right now’.”

http://www.guardian.co.uk/business/2013/jun/12/bond-bubble-threatens-financial-system

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