BlackRock Investment Institute on Monday raised the rating of long-dated U.S. Treasuries to "neutral" from "underweight" as it sees yields approaching a peak.
"We now see about equal odds that long-term yields swing in either direction," said Jean Boivin, head of BlackRock Investment Institute. [US/]
BlackRock Investment Institute, an arm of U.S.-based investment firm BlackRock that provides proprietary investment research, is "overweight" on euro area and UK bonds as it sees more rate cuts than the market in these regions. [GVD/EUR]
(Reporting by Susan Mathew in Bengaluru; Editing by Shounak Dasgupta)
