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I am playing this headline with (JNK HYG LQD MBB MBG TENZ) because Mortgage and high-yield corporate debt is “overvalued,” making Treasuries and investment-grade company debt attractive, Gross, co-founder and chief investment officer of Newport Beach, California-based Pimco, said in a Bloomberg Radio interview. Emerging-market debt is appealing to “some extent,” he said.
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