BlackRock’s Rieder Sees Bond Manager ‘Nirvana’ in European Debt

BlackRock is loading up on European bonds, using currency hedges to boost returns in what Rick Rieder calls “a nirvana for a bond manager.”

Rieder, the chief investment officer of global fixed income for the world’s largest asset manager, said dollar-based investors can use currency hedges to earn as much as 6% on high-quality European corporate bonds.