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BRIEF-BlackRock's Rick Rieder says U.S. 10-year treasury yield could trade in 2.50-2.75 pct range by year end
July 7, 2017 / 8:33 PM / in 14 days

BRIEF-BlackRock's Rick Rieder says U.S. 10-year treasury yield could trade in 2.50-2.75 pct range by year end

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July 7 (Reuters) - BlackRock Inc

* BlackRock chief investment officer of global fixed income, Rick Rieder, says U.S. 10-Year treasury yield could trade in 2.50-2.75 percent range by year end

* BlackRock's Rieder -strong employment report went long way toward dispelling prior disappointment & think it should keep fed’s policy normalization path on track‍​

* BlackRock's Rieder - ECB president Draghi's recent policy pronouncements shifting global longer-term interest rate paradigm, driving real rates higher in U.S.

* BlackRock's Rieder says do not believe treasury rates headed continually higher, but rather that "we are stair-stepping higher to a new range for rates"

* BlackRock's Rieder says thinks that fed will see wage data as satisfactory & clearly can execute a Sept. decision on initiating balance-sheet reduction‍​

* BlackRock's Rieder says rates investors must watch central bank policy evolution well beyond U.S.’s borders, such as ECB and BoJ policy Further company coverage:

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