1554 GMT - Europe could face higher-for-longer interest rates, just like the U.S., as greater government borrowing and spending stoke inflation, BlackRock Investment Institute says in a note. BlackRock also sees the European Central Bank nearing the end of its interest-rate cuts, it says. These two views make BlackRock believe that eurozone government bond yields can rise further, which is an argument for the asset manager to go underweight eurozone government bonds. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
March 11, 2025 11:54 ET (15:54 GMT)
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