"I'm going to own two thirds of fixed income (AGG). You better figure out something else to do,"...

|By:, SA News Editor

"I'm going to own two thirds of fixed income (AGG). You better figure out something else to do," is the Fed's message to the markets, says BlackRock's Rick Rieder. Where's he finding value: Commercial mortgages (see Annaly's bid for CreXus), and non-agency MBS. (see also)