Rick Rieder, BlackRock's chief investment officer of global fixed income, told CNBC that investment-grade corporate bonds are the strongest bond opportunity as AI infrastructure borrowing competes with governments for capital. He described a hypothetical diversified portfolio with a yield above 7%, duration below three years and average credit quality of A-, without naming any securities. BlackRock's Q4 2026 outlook says this competition is making capital more expensive, favors shorter-term bonds and calls for care in choosing credit exposures. The article also cites BINC, with a 5.67% 30-day SEC yield and 3.00 years of effective duration as of Oct. 20, and QLTA, with a 5.65% yield and 6.46 years of duration as of Oct. 15, though neither represents Rieder's hypothetical portfolio.
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