BlackRock Inc., the world’s biggest money manager, hired Jeffrey Rosenberg from Bank of America Corp. as chief investment strategist for fixed-income to help expand the the firm’s offerings to individual investors.
Investors are “putting a back-up generator in the basement of a flood-prone area” by piling into longer-dated fixed-income securities with yields at about record lows, according to BlackRock Inc.’s Jeffrey Rosenberg.
Yields on benchmark 10-year U.S. Treasury notes need to rise higher than 3 percent to prompt investors to flee the bond mutual fund for equities, according to Jeffrey Rosenberg of BlackRock Advisors LLC.
Jeffrey Rosenberg, head of global credit research at Bank of America Corp., has left the largest U.S. lender to join BlackRock Inc., according to a person familiar with the move, who declined to be identified because it hasn’t been announced.
Jeffrey Rosenberg, chief investment strategist for fixed-income at New York-based BlackRock Inc., the world’s biggest money manager which oversees about $3.6 trillion in assets, comments on investing in a low interest rate environment.
Universal Health Services Inc., the operator of more than 100 U.S. hospitals and other medical facilities, plans to sell high-yield, high-risk notes as Treasury-bond yields have fallen to their lowest this year and investors shun the stock market.
Keith Hembre dumped bonds and bought stocks when the Federal Reserve announced its plan Nov. 3 to buy $600 billion of Treasuries. The rationale: to benefit from anticipated market gains on days of Fed purchases.