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BlackRock Leads Investors Worldwide With ‘Follow the Fed’ Mantra

  • Slew of managers say they’re buying whatever central banks buy
  • Fears linger in key credit corners amid virus-spurred downturn

If the flattening virus curve is what lured buyers back to global markets, then it’s central bankers who are telling them where to go.

Treasuries. Investment-grade debt. Fallen angels. Bond ETFs.