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Investors / stance tracking

What Rick Rieder is saying

CIO of Global Fixed Income, BlackRock

27 dated public stances tracked since 2024-12-13, most recently 2026-07-02. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.

The stances below are c8alpha's editorial distillation of Rick Rieder's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Rick Rieder is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.

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27
tracked stances
17
themes
2
side flips
2026-07-02
last heard
Returns  90d +1.0% (n=13) · 180d +0.2% (n=11)

Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.

View flips

Where the tracked view on a theme reversed between appearances — bullish to bearish or back. Dates are the episodes on each side of the turn.

Investment Grade Credit — bullish2026-06-15 → bearish2026-07-02
High Yield — bearish2026-01-09 → bullish2026-07-02

Most-argued themes

ThemeStancesLeanMixLast
SPX33 bullish2026-05-26
USTS32 bullish / 1 neutral2026-07-02
High Yield21 bullish / 1 bearish2026-07-02
Investment Grade Credit21 bullish / 1 bearish2026-07-02
BITCOIN11 bullish2025-09-09
EM CREDIT11 neutral2026-06-15

Tracked stances

bullish / bearish is a view they argued; owns / short is a position they said they hold.

2026-07-02 USTS neutral Rick Rieder · video
Euro-area growth is tangibly slowing while markets have significant rate hikes priced in, making European duration attractive on soft data days
“I actually think Europe's interesting... maybe add some European duration or maybe we did”
BlackRock’s Rick Rieder on Jobs Report, Fed Rate Cuts, Yields
2026-07-02 Investment Grade Credit bearish Rick Rieder · video
US IG spreads are at historically tight levels while a record $1.1T+ issuance wave creates indigestion risk — not worth owning at these valuations
“it's not really that exciting to own it either”
BlackRock’s Rick Rieder on Jobs Report, Fed Rate Cuts, Yields
2026-07-02 TIPS bullish Rick Rieder · video
Real rates have risen to levels Rieder considers interesting, and with inflation likely to abate (energy costs falling, core goods near zero), real returns will improve from here
“you're getting to the point where these real rates are pretty interesting”
BlackRock’s Rick Rieder on Jobs Report, Fed Rate Cuts, Yields
2026-07-02 RMBS bullish Rick Rieder · video
Securitized markets offer yield spread across commercial, residential, and non-agency structures in an environment where tight IG spreads make plain-vanilla credit unattractive
“there's so many things to do in securitized markets around commercial, residential, non-agency”
BlackRock’s Rick Rieder on Jobs Report, Fed Rate Cuts, Yields
2026-07-02 High Yield bullish Rick Rieder · video
European HY spreads are wider than US, and for dollar investors the swap back to USD makes the carry compelling, especially if the ECB eventually cuts rates
“European high yield, even European IG is pretty attractive when you bring it back to dollars”
BlackRock’s Rick Rieder on Jobs Report, Fed Rate Cuts, Yields
2026-06-15 Investment Grade Credit bullish Rick Rieder · video
Wave of new tech/hyperscaler financing is creating tactical yield pick-up in converts and structured products further down the cap stack that plain investment-grade paper does not offer
“doing some things that are a bit off the beaten path where you get some more yield has been great for the portfolios”
BlackRock Global Fixed Income CIO Rick Rieder Talks ETFs, Consumer Sentiment | Bloomberg Talks
2026-06-15 IBIT bullish Rick Rieder · video
Bitcoin is ultimately headed considerably higher despite near-term technical choppiness, though position kept moderate given competing opportunities in tech and credit
“I think it's ultimately going considerably higher. I think the technicals...cause it to chop around”
BlackRock Global Fixed Income CIO Rick Rieder Talks ETFs, Consumer Sentiment | Bloomberg Talks
2026-06-15 EM CREDIT neutral Rick Rieder · video
EM credit is 'just okay' on a relative-value basis versus tech growth and other yield sources, prompting a reduction in exposure
“some parts of the credit markets EM that I felt like it's just okay today and so we've reduced exposure”
BlackRock Global Fixed Income CIO Rick Rieder Talks ETFs, Consumer Sentiment | Bloomberg Talks
2026-06-15 short Long Dur Treasuries hedge Rick Rieder · video
Long-duration rates are unlikely to move significantly in either direction, making elevated TLT options volatility the better expression to monetize rather than taking a naked directional rate bet
“I think the best expression is sell volatility against it. Volatility's been high and that's been the best trade”
BlackRock Global Fixed Income CIO Rick Rieder Talks ETFs, Consumer Sentiment | Bloomberg Talks
2026-06-02 MAGNIFICENT SEVEN bullish Rick Rieder · video
Mag Seven trades at roughly 26x forward earnings while delivering 30-40% earnings growth, making the valuation less scary than perceived and justifying staying invested despite crowding and geopolitical uncertainty
“I think you gotta, you gotta stay in it and the equity market will probably continue to do okay”
‘I think you gotta, you gotta stay in’: BlackRock’s Rick Rieder on bull market risks
2026-05-26 MUNIS bullish Rick Rieder · video
Current rate environment makes long munis an attractive income vehicle, providing tax-advantaged yield as a core wealth-preservation tool
“I think today long and munis are interesting like creating income”
90d -0.4%
How a $3.3 Trillion Investor Thinks About Risk and Opportunity
2026-05-26 SPACE TECHNOLOGY SECTOR bullish Rick Rieder · video
Space-based data delivery, high-resolution imaging, and healthcare applications represent a transformative and systematically underappreciated technology wave with a market size most investors have not fully priced in
“I think space is going to be the most extraordinary set of technologies”
How a $3.3 Trillion Investor Thinks About Risk and Opportunity
2026-05-26 SPX bullish Rick Rieder · video
US equities generating roughly 20% ROE are systematically underestimated relative to fixed income alternatives and warrant a core allocation beyond the conventional 60/40 framework
“I also think people underestimate US equities”
90d +2.0%
How a $3.3 Trillion Investor Thinks About Risk and Opportunity
2026-05-26 long MUNIS / long VENTURE AND EARLY-STAGE TECHNOLOGY other Rick Rieder · video
For capital holders, a barbell of diversified income-generating fixed income (targeting ~6-6.25%) plus venture/early-stage technology captures yield and stability on one end while participating in the fastest technology change cycle ever seen on the other
“I also think venture is really you take a barbell I would”
How a $3.3 Trillion Investor Thinks About Risk and Opportunity
2026-01-09 USTS bullish Rick Rieder · video
Post-jobs-report cheapening in the front-to-belly of the curve offers a better entry while that segment most directly governs real economy financing costs
“I tend to like the front to the belly of the yield curve, particularly after a number like this”
90d +0.0% · 180d -1.0%
BlackRock Global Fixed Income CIO Rick Rieder Talks Jobs Report, Fed Chair | Bloomberg Talks
2026-01-09 USD neutral Rick Rieder · video
European rates offer attractive yields for dollar-based investors given relatively higher real yields versus US at comparable quality, making going global a yield-enhancement tool
“look at interest rates around the world particularly Europe where you can as a dollar investor is quite attractive”
BlackRock Global Fixed Income CIO Rick Rieder Talks Jobs Report, Fed Chair | Bloomberg Talks
2026-01-09 VOL owns Rick Rieder · video
Equity vol is cheap relative to rates vol, so buying equity market volatility provides cheap downside protection ahead of uncertain macro catalysts like the AIPA Supreme Court ruling
“we buy a lot of volatility in the equity market because quite frankly volatility is cheap in the equity market”
90d +17.7% · 180d -15.0%
BlackRock Global Fixed Income CIO Rick Rieder Talks Jobs Report, Fed Chair | Bloomberg Talks
2026-01-09 High Yield bearish Rick Rieder · video
Reducing HY exposure in favor of higher-quality assets to maintain portfolio yield while lowering credit risk as the macro outlook for labor and growth softens
“we reduce a little bit of high yield”
90d -0.6% · 180d -1.3%
BlackRock Global Fixed Income CIO Rick Rieder Talks Jobs Report, Fed Chair | Bloomberg Talks
2025-09-09 SPX bullish Rick Rieder · video
Extraordinary technicals driven by buybacks massively dwarfing the IPO calendar (~$1T vs ~$50-60B), strong earnings growth, and an incoming rate-cut cycle collectively support continued equity upside
“I would stay long equities oriented to where growth and technology is”
90d +5.4% · 180d +4.9%
BlackRock's Rick Rieder on markets, rates, the Fed and more
2025-09-09 USTS bullish Rick Rieder · video
Real rates out to 5 years are genuinely attractive with inflation running ~3% and nominal yields still near 6%, offering compelling income before the Fed's cuts fully transmit
“Would I stay five years in on the curve? I'd still clip that coupon”
90d +0.3% · 180d +1.8%
BlackRock's Rick Rieder on markets, rates, the Fed and more
2025-09-09 GOLD bullish Rick Rieder · video
Gold is the superior currency-depreciation hedge given the US debt burden and the need to fund that debt globally, and behaves better than Bitcoin which tends to trade with Nasdaq vol
“Gold strikes me today as a better currency hedge”
90d +15.4% · 180d +41.5%
BlackRock's Rick Rieder on markets, rates, the Fed and more
2025-09-09 BITCOIN bullish Rick Rieder · video
Bitcoin provides ballast against potential currency depreciation and should appreciate, though its correlation with Nasdaq vol warrants a smaller allocation than gold
“I just think it's going to go up and I think it's a good expression”
90d -18.7% · 180d -40.8% · 1y -29.1%
BlackRock's Rick Rieder on markets, rates, the Fed and more
2025-09-09 long SPX / long VOL hedge Rick Rieder · video
Stay long equities for earnings growth and technical tailwinds while using currently cheap implied volatility to protect the downside, so you keep full upside exposure without taking unhedged tail risk
“you can buy vol. You can buy volatility very cheaply to manage your exposure and stay long”
BlackRock's Rick Rieder on markets, rates, the Fed and more
2024-12-13 SPX bullish The Compound · video
Nominal GDP running near 4.5-5% makes 15% equity returns achievable without heroic assumptions, with tech and financials as the preferred compounding areas given data moats and easing financial conditions
“I think equities can get you 15 next year without a lot of...if you think the economy is growing at nominal GDP of four and a half”
90d -8.4% · 180d +0.2% · 1y +14.0%
Is Rick Rieder a Bond King? | TCAF 169
2024-12-13 Private Credit bullish The Compound · video
Private credit has a 2-3x longer runway versus public credit markets than private equity had versus public equity markets, and current deal terms (10-14% IRRs, hard collateral, low LTVs) remain highly attractive before the opportunity set compresses
“the runway for private credit is probably two to three times bigger than...private equity”
90d -1.2% · 180d +5.7% · 1y +2.4%
Is Rick Rieder a Bond King? | TCAF 169
2024-12-13 EUROPEAN CREDIT bullish The Compound · video
European credit offers better spread value than US credit (where spreads are very tight) and allows geographic yield optimization across a diversified income portfolio
“I like buying Credit in Europe, I like buying equities in the US”
Is Rick Rieder a Bond King? | TCAF 169
2024-12-13 short Long Dur Treasuries / long USTS spread The Compound · video
The long end offers no compensation for its duration and auction tail risk while the front-to-belly provides equivalent yield with far less volatility, making an overweight front/belly versus underweight long-duration the optimal positioning
“I get all the yield I need in the front to the belly of the yield curve”
90d +0.3% · 180d +2.4% · 1y +2.7%
Is Rick Rieder a Bond King? | TCAF 169

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