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Jean Boivin, head of BlackRock Investment Institute, advises investors to prefer global bonds over longer-dated US Treasuries, citing persistent inflation that will keep the Federal Reserve from cutting rates next year. He emphasizes that this period will involve adjustment rather than an easing cycle.
Asia-Pacific markets are mixed as investors await the Fed's decisions, while China's services sector shows robust growth with a PMI rise to 52.0 in October. South Korea's inflation eases to 1.3%, prompting a recent interest rate cut by the Bank of Korea. Meanwhile, crude oil prices increase over 2% as OPEC+ delays production hikes.
Jean Boivin of BlackRock warns that markets are underestimating the risk of a contested outcome in the upcoming US presidential election. He anticipates that a disputed victory could trigger prolonged legal battles, potentially destabilizing asset prices. Meanwhile, Treasuries are experiencing a significant selloff, with benchmark yields rising over 40 basis points this month, while stock markets remain near record highs.
Jean Boivin
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BlackRock Executive Advocates Global Bonds Over US Treasuries Amid Inflation Concerns
21:50 04.12.2024
asia pacific markets mixed as investors monitor fed and economic data
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00:48 05.11.2024
blackrock warns of underpriced risk in upcoming us election results
12:48 24.10.2024
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