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The most recent surge in Treasury yields to 4.68%, a level not witnessed since 2007, was propelled by a series of aggressive rate hikes by the Federal Reserve. Other contributing factors include increased US borrowing to cover budget deficits, a downgrade by Fitch Ratings, and rising oil prices. Policymakers’ dedication to maintaining high rates also played a significant role.
Despite the current economic climate, Fink downplayed concerns over a return to the double-digit price growth experienced in the 1970s. He also hinted at potential deals that could reshape BlackRock at its 70th anniversary.
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