Market Took Excess Out of Bonds: BlackRock's Rieder

Dec.02 -- Rick Rieder, global chief investment officer of fixed income at BlackRock, and Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg View columnist, discuss the recent moves in bonds as the global market suffered its worst-ever month with a $1.7 trillion loss. They speak on "Bloomberg Daybreak: Americas." El-Erian is a Bloomberg View columnist. The opinions expressed are his own.)
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