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

|By:, SA News Editor
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."