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Actionable news in TLT: ISHARES 20+ YEAR TREASURY BOND ETF,

Gundlach: Emerging Market Debt Is Overvalued

Bond investor Jeffrey Gundlach thinks risk and high-yield debt are overvalued, and that includes developing-market bonds.

Bloomberg reports that Gundlach wants to keep his growing funds nimble and has been turning away money. The story adds:

Gundlach, "the co-founder and chief executive officer of DoubleLine Capital, says risky assets such as junk bonds and emerging-market debt are...

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