(Bloomberg) — Alan Greenspan is worried bond prices have risen too high.

“We get very nervous when the stock price index goes to high P/E, we ought to be somewhat nervous when the bond rate does the same,” the former Fed chairman said in an interview Thursday with Bloomberg Television. Some bond market metrics show prices are getting frothy, after yields on 10-year Treasurys sank to a record 1.32% this month.

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