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%.