BlackRock, the world’s largest asset manager, indicated that it anticipates continued upward momentum in longer-term Treasuries, projecting that these elevated levels will contribute to sustained higher interest rates. “Surging bond yields around the globe represent a big shift toward our view: we are in a world of higher interest rates and expect them to stay above pre-pandemic levels. Even with the jump in yields, we still see more room to run, if at a slower pace,” BlackRock said in its weekly market commentary report
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