Key Points:
1 Long-term yields fell last week mostly in response to another weak U.S. inflation print, yet we still see modestly rising rates ahead.
2 The Federal Reserve raised interest rates as expected and laid out its balance sheet normalization plan. Financial stocks rose.
3 MSCI may announce this week it is adding China A-shares to its indexes, with big implications for emerging market (EM) investors.
20170619-BlackRock-Dissecting A Rates Diconnect.pdf
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