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Gundlach: By at least one measure - comparing the Merrill Corporate Index to the Treasury Index...

Gundlach: By at least one measure - comparing the Merrill Corporate Index to the Treasury Index - corporate paper is as overvalued as it's ever been in the history of the data (going back to 1985). Another relatively overvalued fixed-income class is emerging market debt (EMB). "I would not be putting any new money into that."
Comments (2)
  • bbro
    , contributor
    Comments (10002) | Send Message
     
    You can jump around fixed income assets but at these levels the duration risk will
    really hurt...
    8 Jan 2013, 05:11 PM Reply Like
  • redfish1127
    , contributor
    Comments (7) | Send Message
     
    VCSH has a Vanguard risk level 1 and a duration of 2.8. Without regard to inflation, what would be a "safer" fixed income asset?
    9 Jan 2013, 09:34 AM Reply Like
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