Guggenheim's Scott Minerd warns world bond markets are in a 'bubble'
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(Reuters) - The bond market is in a "bubble," particularly sovereign debt, Guggenheim Partners global chief investment officer Scott Minerd warned on Thursday, and he said that efforts by the Federal Reserve to head off a recession by cutting interest rates will ultimately prove futile.Minerd, who oversees more than $240 billion (195.77 billion pounds) in assets under management, said his firm is responding by reducing exposure to corporate credit.He said the backdrop in monetary policy reminded..