BlackRock Turns Bullish on Short-Term Treasuries, Downgrades US Stocks

07:15 PM EDT, 10/12/2026 (MT Newswires) -- BlackRock (BLK) Investment Institute upgraded short-term US Treasuries to overweight and longer-term debt to neutral from underweight, citing higher yields and potentially excessive expectations for Federal Reserve tightening, Bloomberg reported Monday, citing a strategist note. The firm downgraded US equities to neutral from overweight, citing potential volatility around artificial intelligence investment, and cut US agency mortgage-backed securities to neutral, the report said. BlackRock remains constructive on artificial intelligence-related companies but is managing near-term risk, according to the report.