BlackRock’s CEO Larry Fink Sees US 10-Year Yields Topping 5% (1)

BlackRock Inc.’s CEO Larry Fink expects 10-year Treasury yields to top 5% as shifts in geopolitics and supply chains make inflation more persistent.

“My opinion is we’re going to have 10-year rates at least at 5% or higher because of this embedded inflation,” Fink said at the Berlin Global Dialogue forum on Friday. “We’re underestimating the change in geopolitics is so structurally inflationary.”

WATCH: “My opinion is we’re going to have 10-year rates at least at 5% or higher,” Fink says.

Source: Bloomberg

Fink is the latest Wall Street executive to warn this week of the risk of higher rates and bond yields. Jamie Dimon, CEO of JPMorgan Chase & Co., said US borrowing costs could surge as ...