Gregory Peters, Co-Chief Investment Officer of PGIM Fixed Income, joins Bloomberg Businessweek Daily to weigh in on this week's bond market moves, including a global selloff sparked by a rout in Japan. Leaders gathering at Davos were left wondering how long it would take before so-called "bond vigilantes" target what US Treasury Secretary Scott Bessent calls the “mountain” of US debt. Citadel CEO Ken Griffin told the forum Wednesday that the episode appears to be “a Liz Truss-lite moment,” and Former International Monetary Fund First Deputy Managing Director Gita Gopinath said that it’s clear that investors no longer consider the US the secure borrower that it once was. Peters calls the sentiment "a little melodramatic," and goes on to say that "having a heightened debt-to-GDP with administrative political instability has a tendency of wreaking havoc on the bond market." Peters speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)