#BlackRockTreasuryShift

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About BlackRockTreasuryShift

On Oct 12, BlackRock ended ~6 years of underweighting US Treasuries, moving short-term debt to overweight, long-term debt to neutral and US stocks from overweight to neutral. Multi-year-high yields make short-term debt more attractive, but inflation and fiscal pressures weigh on long bonds. Kazakhstan’s central bank plans to cut gold’s reserve share from ~78% to 75% by year-end, citing higher Treasury yields. Both shifts point to greater relative appeal for USD fixed-income assets.