BlackRock said it was boosting its allocation of Treasuries on its six- to 12-month horizon to take advantage of higher yields
BlackRock also said it was going “overweight” on Chinese and other emerging-market stocks – a bet on China’s economic recovery after Beijing jettisoned its strict “zero COVID” policy in December.
BlackRock also warned that geopolitical risks related to China have increased, and that risks remain related to regulatory intervention. Treasury yields rose further on Tuesday after data showed that U.S. business activity unexpectedly rebounded in February, reaching its highest level in eight months.
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