BlackRock sticks to call for inflation-linked debt, IG credit Long-dated yields reflect too much optimism on rates: Thiel
BlackRock Inc. strategists say traders that have started to bet on a sharp slowdown in inflation are setting themselves up for disappointment.
While they acknowledge that prices pressures are ebbing faster than expected, they contest consensus bets that see the rate tumbling toward the Federal Reserve’s 2% target. That’s leading the world’s biggest asset manager to recommend being underweight on government bonds in favor of inflation-linked debt and investment-grade credit next year.
Source: Bloomberg
