- BlackRock Investment Institute on Monday raised the rating of long-dated U.S. Treasuries to"neutral" from"underweight" as it sees yields approaching a peak.
"We now see about equal odds that long-term yields swing in either direction," said Jean Boivin, head of BlackRock Investment Institute. BlackRock Investment Institute, an arm of U.S.-based investment firm BlackRock that provides proprietary investment research, is"overweight" on euro area and UK bonds as it sees more rate cuts than the market in these regions.
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