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BlackRock’s Rick Rieder sees a ‘generational opportunity’ for income right now

Pelican Press

By Pelican Press,
in World News

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The high levels of income in the bond market right now are a “generational opportunity” for investors, according to BlackRock’s Rick Rieder. “I’ve waited for two decades of my life for some deals,” he said in an interview with CNBC, pointing to the years of low interest rates that ended in 2022. Bond yields move inversely to prices. That income is a priority now that bond duration is still no…

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