Where BlackRock's Rick Rieder sees income opportunity amid the market volatility

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High-Yield Bonds News

Bonds,Blackrock Flexible Income ETF,Blackrock High Yield ETF

BlackRock CIO Rick Rieder said these assets have attractive yields and solid fundamentals.

As investors search for income amid the market volatility, high-yield bonds are an attractive place to be, according to BlackRock's Rick Rieder. Stocks bounced back Tuesday after suffering steep losses in the prior session that led the S & P 500 and the Dow Jones Industrial Average to their worst performances since 2022. Treasury yields also rebounded Tuesday, after the 10-year benchmark yield hit its lowest level in more than a year Monday.

mountain BlackRock High Yield ETF year to date He has been reducing some exposure to investment grade bonds. "You are going to get a lot of supply at lower rates." His firm also recently launched the BlackRock High Yield ETF . The actively managed fund has a 30-day SEC yield of 6.85% and an expense ratio of 0.45%.

 

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