BlackRock raises the rating on U.S. Treasuries and downgrades U.S. stocks to neutral

BlackRock Investment Institute announced an upgrade in the allocation rating for U.S. Treasuries, ending nearly six years of an underweight position, citing that the potential investment returns have become more attractive after a significant rise in U.S. Treasury yields. At the same time, BlackRock downgraded the rating for U.S. stocks to neutral and increased the allocation of U.S. Treasuries of different maturities, overall preferring short-term bonds.