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Search resuls for: "BlackRock's Rieder"


8 mentions found


☆ As the Fed gears up for rate cuts, here’s what income investors need to do
  + stars: | 2024-08-23 | by ( Michelle Fox | ) www.cnbc.com   time to read: +5 min
With Federal Reserve rate cuts expected to begin in September, income investors may want to make sure their portfolio is in check. Instruments like money market funds and high-yield savings accounts will react pretty quickly to rate cuts. Some $6.24 trillion is currently sitting in money market funds, as of the week ended Wednesday, according to the Investment Company Institute . Clark Bellin, chief investment officer at Bellwether Wealth in Lincoln, Nebraska, is bullish in investment-grade corporate bonds right now. He prefers individual bonds over bond funds because the investor has more control.
Persons: Jerome Powell, Rick Rieder, Lawrence, Clark Bellin, Bellin, he'll, Fidelity's Michael Plage, Treasurys, Patience, BlackRock's Rieder Organizations: Federal, Treasury, U.S, BlackRock, Investment Company Institute Locations: Jackson Hole , Wyoming, Hauppauge, Lincoln , Nebraska
☆ BlackRock's Rieder thinks investors should believe the Fed that it's going to hike again
  + stars: | 2023-09-28 | by ( Jeff Cox | ) www.cnbc.com   time to read: +3 min
"You've got to take them at their word that they want to get another 25" basis points, said the asset management giant's CIO of global fixed income. BlackRock fixed income chief Rick Rieder thinks the Federal Reserve can stop raising interest rates, though it probably won't. The fed funds rate, used as a benchmark for many forms of short-term debt, currently is targeted in a range between 5.25%-5.50%. "I love commercial paper," Rieder said. Rieder said he expects the Fed to start cutting at some point, but probably not until the latter half of 2024.
Persons: You've, you've, Rieder, Rick Rieder, Rebecca Patterson, Ray Organizations: Alpha, BlackRock, Economic Education, Delivering Alpha, Council for Economic Education, Bridgewater Associates, AA, Fed Locations: BlackRock
☆ BlackRock's Rieder says more volatility could 'play through the financial system'
  + stars: | 2023-03-21 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +6 min
"My sense is there's still some volatility that's going to play through the financial system." "You've got clearly some additional economic contraction coming from a banking system that is going to pull back on some lending." I think spreads got too tight and I think the market was a little overzealous in all assets," Rieder said. Prior to the failure of Silicon Valley and Signature Bank, Rieder had anticipated the yield would range between 3.50% and 4.25%. Rieder expects the Fed will raise rates by a quarter point and could hike again by another 25 basis points before stopping.
☆ BlackRock's Rieder says investors should hold more bonds, international stocks should outperform
  + stars: | 2023-02-01 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +4 min
BlackRock's Rick Rieder said the 60/40 portfolio should be flipped to 40% stocks, 60% bonds this year, and that international stocks should outperform U.S. equities. Rieder, chief investment officer for global fixed income at the world's largest asset manager, said he finds U.S. stocks less interesting relative to bonds. Both stocks and bonds were sharply lower, and the traditional benefits of one asset class hedging the other did not work. International stocks over U.S. equities International stocks could also outpace U.S. stock. I like some the global equities a lot more than the U.S." He also is looking to global fixed income markets.
☆ 2023 could end up a better year for markets, but it likely won't start off that way
  + stars: | 2022-12-31 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +12 min
As a very painful market year exits, Wall Street's strategists expect 2023 will end on a much better note —even if the path there continues to be highly volatile. I think the Fed will likely be overtightening the economy into this recession." So rates could rise before heading lower in the second half, and that environment will be better for stocks. Rieder said 2023 is going to a banner year for fixed income, and "not so much because it's going to be rates rallying so much," he said. "I think rates still have some upside," said Rieder.
☆ BlackRock's Rieder sees a 'generational' fixed income play in 2023
  + stars: | 2022-12-13 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +3 min
BlackRock's Rick Rieder said the fixed income market should be less volatile in 2023 and investors should have a chance to recover a good bit of this year's losses. I think this is a generational point for fixed income, around where you can buy quality income without taking a lot of convexity, credit, illiquidity risk." But for stock investors, fixed income poses a challenge. "The marginal dollar has to go into those fixed income assets," he said. Rieder said fixed income investors still face risks, such as defaults and downgrades, but they should see positive returns next year.
☆ BlackRock's Rieder says bond yields have not peaked and Fed will lean hawkish Wednesday
  + stars: | 2022-11-01 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +3 min
BlackRock's Rick Rieder said bond yields have not yet hit their peak, and he continues to find the high rates available on short duration bonds and securitized assets to be very attractive. "We're buying all this short-dated high quality securities, investment grade assets, and we just keep buying them," said Rieder, chief investment officer of global fixed income. "I think he's got to draw the line on 'inflation is our objective'... I think he's got to be aggressive about that. "The stickiness of this inflation is pretty extraordinary...I think inflation is coming down," he said.
☆ BlackRock's Rieder says Fed should not panic because rate hikes have lagged effect
  + stars: | 2022-09-21 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +1 min
BlackRock's Rick Rieder expects the Fed to hike rates by three-quarters of a point Wednesday and says the Fed does not need to raise them by the full percentage point that some expect. The Fed is widely expected to announce the 75 basis point increase to the fed funds rate. The futures market Tuesday was pricing 16% odds that the Fed could even announce a 100 basis point hike Wednesday afternoon. A basis point equals 0.01 of a percentage point. After the 75 basis point hike Wednesday afternoon, "I think the odds of them going 75 one more time are probably 50/50 at this point," he said.
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