With the Federal Reserve expected to begin its rate-cutting cycle this week, investors should take advantage of this "golden age of fixed income" now, according to BlackRock's Rick Rieder.
"The world is changing," said Rieder, the asset manager's global chief investment officer of fixed income.
In this environment, Rieder likes the belly of the curve and assets like securitized products , high yield and European credit.
BINC currently has about 28% of its assets in non-U.S. credit and about 20% in U.S. high-yield bonds.
Rieder is not concerned about the narrow spreads in high-yield credit.
Persons:
BlackRock's Rick Rieder, —, Rieder, BINC, We've, CLOs
Organizations:
Federal Reserve, SEC, Fed, AAA, MBS, AAA CLOs
Locations:
BlackRock, Europe, U.S