BlackRock has expressed the view that the US currency intervention, which sold euros and supported the yen without prior notice, is heightening geopolitical risk and further eroding the investment appeal of long-term government bonds. James Turner, head of global bonds for the EMEA region, said this unexpected move signals weakening coordination among nations, and that he is very cautious about taking on long duration due to the rough movements and uncertainty in the long end of the yield curve. Amid growing concerns over geopolitical turmoil, inflation risk, and expanding government debt, long-term government bonds have been on a declining trend, with the 30-year US Treasury yield hitting a roughly 20-year high last week.
BlackRock IncBlackRock's view that US intervention raises geopolitical risk and hurts long-term bonds, impacting its bond investment outlook.
Article states long-term government bonds declining, with 30-year US Treasury yield hitting 20-year high, indicating yield rise.
