Pacific Investment Management Co.’s Andrew Bosomworth said a bubble is starting to form in Germany’s government bond market as Spain moves closer to a request for financial support.
Greece still faces a “substantial” default risk as insolvency prevents the nation from repaying its debt when its bailout program expires in three years, Pacific Investment Management Co. fund manager Andrew Bosomworth said.
Europe finds itself in a similar position to Japan as the continent faces a “lost decade,” said Pacific Investment Management Co., which manages the world’s biggest fixed-income fund.
"With the ECB indicating it's going to be doing more, there has got to be some exposure to the southern European countries."
- Andrew Bosomworth on Nov 21, 2014