Bill Gross: Credit Markets ‘Somewhat Exuberantly’ Priced

Pimco chief Bill Gross says credit markets are overheating, but he wouldn’t abandon ship just yet. “On a scale of 1-10 measuring asset price ‘irrationality’, we are probably at a 6 and moving in an upward direction,” Gross writes in his March investment outlook. “Corporate credit and high yield b…

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Bill Gross: Credit Markets ‘Somewhat Exuberantly’ Priced

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