Billionaire investor Ray Dalio on Thursday warned that a growing budget deficit and the unwinding of the Federal Reserve’s $4.5tn balance sheet represented a "significant amount" of risk in the bond market, MarketWatch reports.
In an interview with Bloomberg Radio, the founder of Bridgewater Associates, the world’s largest hedge fund, said that monetary tightening had "become progressively more concerning because as you move along they’re more and more difficult to get perfect".
