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.
Much of what people think is unshakable WILL. BE. SHAKEN.
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