Wall Street Wealth Trio Sticks to Reflation Bets After Selloff
- JPMAM, BlackRock, Goldman stay risk-on as peak growth looms
- Morgan Stanley sees 10-year yield climbing back to 1.75%
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Some of the world’s biggest money managers are betting on a swift comeback for battered reflation trades.
JPMorgan Asset Management, BlackRock Inc. and Morgan Stanley Wealth Management -- which together account for some $12 trillion in assets -- say the bond-market gains that have sent yields into a sudden tailspin are nothing to worry about. It’s a temporary blip, they say, that belies a more comforting reality: that the global recovery is still on track.