Rick Rieder is global fixed income CIO & PM at BlackRock:
- Says saw some modest trade conflict clarity come out of last weekend's G20 meeting
- next FOMC meeting, we think it's still likely that we'll see a policy rate cut
- markets expect a developed market policy easing cycle
- while emerging markets are increasingly pricing in some aggressive rate cuts also
Adds that
- FX has barely moved
- perhaps suggesting this may be where opportunity resides
