Rick Rieder - BlackRock's CIO for fixed income - is putting money to work in Spanish and Italian...

|By:, SA News Editor

Rick Rieder - BlackRock's CIO for fixed income - is putting money to work in Spanish and Italian sovereign bond markets for the first time in a year, though he says it's just a small portion of the $620B he manages. His favorite sector remains high yield debt. Reider says low nominal yields make sense with Treasurys below 2%, and spreads have room to tighten further.