0829 GMT - BlackRock Investment Institute has an underweight stance on eurozone government bonds on the expectation that rates will remain relatively high. "U.S. tariffs and the strengthening of fiscal stimulus in Europe reinforce our view that policy rates will remain higher compared to pre-pandemic levels," BlackRock Investment Institute's Tuan Huynh says in a note. This explains BlackRock's underweight in eurozone bonds, the interim chief investment strategist for Germany, Austria, Switzerland and Eastern Europe says. The 10-year Bund yield rises 4.4 basis points to last trade at 2.860%, according to Tradeweb. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
March 11, 2025 04:29 ET (08:29 GMT)
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