BlackRock Investment Institute said on Monday it was downgrading credit and preferred short-term bonds for income, with strategists pointing to financial cracks from rapid interest rate hikes.
BlackRock Investment Institute is an arm of U.S.-based investment firm BlackRock that provides proprietary investment research. Major central banks, faced with the risk of a fast-moving loss of confidence in the stability of the financial system, moved on Sunday to bolster the flow of cash around the world.
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Much of what people think is unshakable WILL. BE. SHAKEN.