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BLK / 10-year Treasury yield can keep climbing from 16-year highs, says world's largest asset manager

10-year Treasury yield can keep climbing from 16-year highs, says world's largest asset manager
As the benchmark 10-year Treasury yield tested a fresh 16-year high above 4.5% on Monday, BlackRock Inc., the world's largest asset manager, weighed in with the view that it could go even higher.The in-house research arm of New York-based BlackRock BLK, -0.66%, which managed roughly $9.4 trillion in assets at the end of the second quarter, said financial markets are coming around to the view that rates will likely stay high and that a volatile macro regime is bringing “uncertainty over central bank policy and risks ahead.” Long-term government yields jumped across the Americas and Europe on Monday as investors absorbed a higher-for-longer message on interest rates from the Federal Reserve and other central banks. Read More
Posted: Sep 25 2023, 12:03
Author Name: Market Watch
Views: 111815

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