BlackRock Pares Back on Inflation-Linked Bond Bets, Rieder Says
(Bloomberg) -- While BlackRock still likes fixed-income assets that protect against rising inflation, “we’ve sold down some of it because the markets have really jumped on this reflation theme,” Rick Rieder, chief investment officer for global fixed income at BlackRock Inc., said in interview on Bloomberg Television.
- Rieder says he favors corporate bonds and asset-backed securities as ways to generate income without taking too much interest-rate risk
- Urges caution in Europe as ECB President Mario Draghi starts to step back from bond-buying program
- EARLIER: TIPS Have Room to Rally on Reflation Bets: BlackRock’s Rosenberg
Alert:
HALISTER1Source: BFW (Bloomberg First Word)
Tickers TIP US (iShares TIPS Bond ETF)
People Mario Draghi (European Central Bank)
Rick Rieder (BlackRock Financial Management Inc)
Topics Who's News - People
To de-activate this alert, click
hereUUID: 7947283