Pimco's Bill Gross says value is diminishing in credit markets and that mortgage and high-yield...

|By:, SA News Editor

Pimco's Bill Gross says value is diminishing in credit markets and that mortgage and high-yield corporate debt is overvalued. Treasurys, investment-grade corporate debt and emerging-market debt have some appeal: "That’s a limited menu, but it’s what we are presented with at the moment."