Rising bond yields are a market correction – Bundesbank’s Weidmann

FXStreet (Mumbai) - Bundesbank chief Jens Weidmann, while speaking in London, said the recent bond market volatility is not exceptionally high and termed the rising yields as a market correction.

Weidmann further added that central banks across the globe are at a risk of being overburdened. He also said the French finances are in bad shape and sees improvement in German public investment.

On Greece, Weidmann the danger of Greek insolvency is growing daily.