BlackRock to Pimco find bond sweet spots as Fed decision looms
Foreign central banks and mutual funds bought a record portion at the US$13b auction of 30-year bonds recently
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New York
FACED with an imminent increase in US interest rates, the biggest bond investors say it's not the time to abandon fixed-income assets.
Pacific Investment Management Co and Fidelity Investments are betting that the Federal Reserve will keep rates low until inflation accelerates from today's dormant levels. BlackRock Inc, the world's largest investment company, favours intermediate-maturity US debt as the sweet spot mixing safety and liquidity with returns.
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