BlackRock Sees No Way to Make Money in Sovereign Debt: Tom Keene
This article is for subscribers only.
Government debt offers fewer prospects for investors than equities, according to Ewen Cameron Watt, chief investment strategist of the BlackRock Investment Institute, the research unit of BlackRock Inc.
“In the government stuff, there’s just really no opportunity to make money,” Cameron-Watt said in an interview on Bloomberg Television’s “Surveillance” with Tom Keene and Sara Eisen. “If you look at the bond market, it is just one big interest-rate bet right now.”