BlackRock's Rick Rieder sees 'historic' opportunity in high-quality bonds

Rick Rieder, BlackRock's global fixed income CIO, highlights a historic opportunity in high-quality investment-grade bonds offering yields above 7% with low duration amid a strong economy and low default risk. He favors corporate bonds from hyperscale tech companies like Alphabet, Amazon, Meta, and Oracle, which have issued substantial debt this year to fund AI infrastructure expansion.