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BlackRock Upgrades U.S. Treasuries, Cuts Equities to Neutral

By Drooid · Oct 13, 2026, 3:03 PM UTC · How we work

Summary

Story summary

BlackRock upgraded short-term U.S. Treasuries to overweight and cut equities to neutral.
The upgrade ends a near-six-year Treasury underweight that began in October 2020.
BlackRock cited higher yields and what it calls excessive expectations for Federal Reserve tightening as reasons.
It expects a 75-basis-point cushion and three 25-bp Fed hikes within 12 months.
The firm kept a bullish stance on AI-focused equities, listed infrastructure and emerging-market stocks.

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Story summary

BlackRock upgraded short-term U.S. Treasuries to overweight and cut equities to neutral.
The upgrade ends a near-six-year Treasury underweight that began in October 2020.
BlackRock cited higher yields and what it calls excessive expectations for Federal Reserve tightening as reasons.
It expects a 75-basis-point cushion and three 25-bp Fed hikes within 12 months.
The firm kept a bullish stance on AI-focused equities, listed infrastructure and emerging-market stocks.