at Nasdaq.com (Thu, 12:07PM)
BlackRock fixed-income chief Rick Rieder tells the WSJ he was a big buyer of the long bond (TLT)...
BlackRock fixed-income chief Rick Rieder tells the WSJ he was a big buyer of the long bond (TLT) in early April, believing the BOJ's massive easing and weak U.S. economic data would ensure a firm bid for the paper. Bonds, of course, have rallied strongly since then. Well played? In an April 8 interview with the FT, Rieder said he was worried about higher rates and favoring shorter durations. Check.
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