‘Risk of a Stagflationary Shock’: BlackRock Analysts Stay Underweight on Long-Term U.S. Treasuries Amid Conflict in Middle East

BlackRock maintains an underweight position on long-term U.S. Treasuries due to Middle East conflicts and airstrikes in Iran causing energy supply chain disruptions. The investment firm warns of stagflationary risks as oil futures suggest disruptions could persist for weeks, adding to global inflation pressures.