BlackRock, Nuveen Snub Bonds for Stocks as Fed Rate Odds Rise

Updated on
  • BlackRock says shares are better bet even as it cuts outlook
  • Bonds to lag behind stocks over six to 12 months, Nuveen says

BlackRock Inc. and Nuveen Asset Management are shunning bonds in favor of equities as the probability rises that the Federal Reserve will increase interest rates in June or July.

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