BlackRock downgrades government bonds, keeps faith with stocks

The world's largest asset manager BlackRock has cut its stance on government bonds, preferring equities in light of the COVID-19 vaccine rollout and potentially up to US$2.8 trillion of additional U.S. fiscal spending this year.

In a weekly commentary note, strategists at BlackRock Investment Institute said the firm was increasing its 'underweight' on U.S. Treasuries. Yields on U.S. Treasuries, which move inverse to price, have hit their highest levels since February 2020 this week as investors have sold government bonds.The asset manager also said it was upgrading European stocks to a 'neutral', noting that it saw room for the market to close a valuation gap with the rest of the world.

Britain's FTSE 100 and FTSE 250 have underperformed global stock market indices since the start of 2016, the year the country voted to exit the European Union.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Futures fall as tech stocks slide againU.S. stock index futures retreated on Friday as lofty tech stocks bled further amid elevated U.S. bond yields and prospects of a spike in inflation. Please pay attention to the problems of international students. We need to go back to China takeUsBackToChina TakeUsBackToSchool
แหล่ง: ChannelNewsAsia - 🏆 6. / 66 อ่านเพิ่มเติม »