Macro

Bonds

Pandemic-spurred policy “revolution” will continue to drive asset allocations in 2021, says BlackRock

Pandemic-spurred policy “revolution” will continue to drive asset allocations in 2021, says BlackRock

The world’s largest asset manager, BlackRock, has predicted that the “revolution” in monetary and fiscal policy spurred by the Covid-19 pandemic will dampen government bond real yields in 2021. The asset manager favours inflation-linked bonds, as well as risk assets such as equities and high-yield credit.