BlackRock’s Rick Reider is predicting that interest rate cuts will unleash a golden age for fixed income investors. Mr. Reider should know as he oversees more capital than virtually anybody on the planet. I always pay close attention to his market views but I want to add a word of caution to his enthusiasm.
Treasury yields have already rallied significa…
Keep reading with a 7-day free trial
Subscribe to The Credit Strategist to keep reading this post and get 7 days of free access to the full post archives.