BlackRock’s Rieder: Treasuries ‘aren’t that bad’; we’ve shifted some assets out of the peripheral

BlackRock Inc., Co-Head Americas Fixed Income, Rick Rieder said BlackRock has shifted some assets out of peripheral bonds and yields will remain in a “low range for a long while.” Rieder said U.S. treasuries — which he predicts will “drift higher” –  “don’t look that bad compared with the rest of the world” after a bond-market surge pushed yields to the lowest level in a year.

The manager of BlackRock Strategic income made remarks this morning in an interview with Bloomberg’s Tom Keene, Scarlett Fu and Adam Johnson on “Bloomberg Surveillance.”

*CREDIT: BLOOMBERG TELEVISION’S “SURVEILLANCE”**

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