BlackRock’s Rieder Say Low-Yield Treasuries Still a Value
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BlackRock Inc., the world’s biggest money manager, says U.S. Treasury 10-year notes yielding less than 3 percent still have value in today’s low-inflation environment.
“U.S. Treasuries don’t look that bad, relative to the rest of the world,” Chief Investment Officer Rick Rieder said in a television interview on “Bloomberg Surveillance” with Tom Keene. “Given the liquidity, the size of the markets, owning some duration is agreed by many as pretty OK. At these levels today, U.S. Treasuries at 2.43 percent aren’t that bad.”