BlackRock urges credit investors to look beyond US junk
BlackRock’s global fixed income CIO Rick Rieder says US high-yield risk premiums are not wide enough to entice investors, and that there are other areas of credit to consider allocating to.
By Olivia Raimonde and Katie Greifeld // Bloomberg
“Part of the argument against high yield this year has been the spread’s not interesting at all,” said Rieder, BlackRock’s global fixed income chief investment officer, on Bloomberg Television Monday. “You can get yield in a bunch of other places,” he added.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
