BlackRock has upped its overweight of inflation-linked bonds, a move the giant asset manager said it made in March to “quickly take advantage” of the market pricing in a lower cost of living despite persistent price pressures.
Last month bond yields dropped after the sudden failure of Silicon Valley Bank and Signature Bank, as investors bet the fallout would lead the Federal Reserve to pivot from interest rate hikes and battling inflation to rate cuts in an anticipated recession.
“U.S….
Read the full article here
