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Fed Governor Raises the Specter of a Bubble in Junk Bonds
By BINYAMIN APPELBAUM
Published: February 7, 2013
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Some financial markets are showing signs of overheated speculation as investors take larger risks in response to the persistence of low interest rates, a senior Federal Reserve official said in a speech on Thursday.

http://www.nytimes.com/2013/02/08/business/fed-official-sees-tension-in-some-credit-markets.html?ref=business&_r=3&;