BlackRock Says Treasuries Back as Havens, Yield Surge Over

U.S. notes will work in your portfolio again, Rieder says
Emerging markets are becoming more attractive as Fed may pause

Rick Rieder, MD and global CIO of fixed income at BlackRock, talks about the dollar, Fed policy and Emerging Markets.(Source: Bloomberg)

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By Masaki Kondo

January 8, 2019 at 1:57 AM UTC

Updated on

January 8, 2019 at 10:50 AM UTC

This article is for subscribers only.

Treasuries have regained their haven status, drawing an end to a slump that drove yields to a seven-year high last year, according to BlackRock Inc.

Benchmark 10-year yields jumped above 3.25 percent in October but they are unlikely to return to those levels as investors are now buying bonds again when stocks decline, said Rick Rieder, global chief investment officer of fixed income at BlackRock in New York.