No sign of corporate bond market bubble

There is little sign of a bubble in the corporate bond market, with none of the irrationality that marked the technology, media and telecom boom of the late 1990s, according to Aegon bond fund manager Stephen Snowden. 'Looking in the financial pages, there are loads of people recommending corporate bond funds. This is a classic sell signal for the contrarian investor. I can't blame anybody for thinking that with the way bonds have performed against equities, it is finally time to sell out of bonds and get back into stocks,' he said. But while the seasonal themes of recent years have rar...