TODAY'S MARKET INTELLIGENCE
BlackRock Upgrades US Treasuries to Overweight for First Time in Six Years; Downgrades US Equities to Neutral
English summary
BlackRock, the world's largest asset manager, ended its six-year underweight stance on US Treasuries by upgrading short-term bonds to overweight and long-term bonds to neutral, while downgrading US equities from overweight to neutral. This tactical rebalancing aims to use high Treasury yields to hedge against stock market volatility driven by the AI rally.
The English text is machine translated and may require verification against the Chinese version.
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