BlackRock Expects to See Real Rates ‘Even More Negative’

The video discusses the impact of fiscal support and monetary policy on the yield curve, real rates, and global markets. It highlights the Fed's role in managing the yield curve and the implications of negative real rates on the dollar and risk assets. The discussion also covers market rotation dynamics, emphasizing the shift from large to small equities and the attractiveness of emerging markets. The video concludes with insights into how combined monetary and fiscal policies affect real rates, drawing parallels with Japan's experience.

What factors are contributing to the steepening of the yield curve?

How does the Fed's approach to the yield curve impact financial markets?

What implications do negative real rates have for risk assets globally?

In what ways could fiscal stimulus influence market rotation?

What historical examples illustrate the effects of monetary accommodation on real rates?