BlackRock’s CEO Larry Fink Sees US 10-Year Yields Topping 5%

Fink says geopolitical shift is keeping inflation sticky
But he says a repeat of 1970s hyperinflation is unlikely

WATCH: “My opinion is we’re going to have 10-year rates at least at 5% or higher,” Fink says.Source: Bloomberg

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By Dani Burger and Anchalee Worrachate

September 29, 2023 at 10:18 AM UTC

Updated on

September 29, 2023 at 1:04 PM UTC

This article is for subscribers only.

BlackRock Inc.’s CEO Larry Fink expects 10-year Treasury yields to top 5% as shifts in geopolitics and supply chains make inflation more persistent.

“My opinion is we’re going to have 10-year rates at least at 5% or higher because of this embedded inflation,” Fink said at the Berlin Global Dialogue forum on Friday. “We’re underestimating the change in geopolitics is so structurally inflationary.”