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BlackRock's Rieder says he would buy high yield bonds if prices dip
December 14, 2016 / 9:45 PM / a year ago

BlackRock's Rieder says he would buy high yield bonds if prices dip

NEW YORK, Dec 14 (Reuters) - Top BlackRock Inc bond investor Rick Rieder said on Wednesday that he would buy high-yield bonds if they react negatively after the Federal Reserve raised rates for the first time in a year.

Rieder told Reuters, however, he has already cut his position in shorter-term bonds and feels more comfortable taking risks in the United States than in emerging markets. (Reporting by Trevor Hunnicutt; Editing by Steve Orlofsky)

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