BlackRock Upgrades US Treasuries to Overweight for First Time in Six Years, Downgrades Equities to Neutral

English summary

BlackRock ends its six-year underweight stance on US Treasuries, upgrading short-term bonds to overweight and long-term to neutral, while downgrading US equities from overweight to neutral. The move aims to hedge AI-driven volatility using high yields, reflecting changes in the rate environment and divergence with Fed hike expectations.