⁍ Top asset manager BlackRock Inc downgraded U.S. Treasuries and upgraded their inflation-linked peers.

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⁍ BlackRock Inc downgraded U.S. Treasuries and upgraded their inflation-linked peers ahead of the U.S. election.

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– Top asset manager BlackRock Inc. downgraded US Treasuries and upgraded its inflation-linked peers ahead of the US election on Monday, Reuters reports. BlackRock, the world’s biggest asset manager, downgraded its one-year and three-year treasury bills to “junk” status and raised its one-year and five-year bonds to “CCC” from “CCC-.” It also downgraded its 10-year and 30-year bonds to “junk” from “A-” and raised its two-year and five-year bonds to “A-” from “A-.” The firm also upgraded its inflation-linked peers to “A-” from “A-.”