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Now Not Time To Take More Risk In Junk Bonds: BlackRock's Rieder

TedTed
in The Bullpen
FYI: Markets are emboldened by the tone of monetary policymakers following an interest rate hike on Wednesday, but now is not the time to take on more risk in U.S. corporate debt, top BlackRock Inc bond investor Rick Rieder said.

Rieder, BlackRock's chief investment officer of global fixed income, also told Reuters on the phone that markets need to see some kind of agreement on U.S. tax policy reforms by summertime.
Regards,
Ted
http://www.reuters.com/article/blackrock-bonds-outlook-idUSL2N1GT01J
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