Higher inflation-adjusted yields led Richard Turnill, BlackRock Inc.’s global chief investment strategist, to turn neutral on global, U.S. and European stocks this week. Turnill compared the yield on two-year Treasury Inflation Protected Securities with the S&P 500 Index in a posting Tuesday on BlackRock’s blog. The TIPS yield rebounded by 0.47 percentage point in April and May after falling 1.33 points in the first quarter.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE