BlackRock's Rieder sees 10-year above 1% and a whiff of inflation next year

Share
Rick Rieder
Olivia Michael | CNBC

BlackRock's Rick Rieder said the benchmark 10-year Treasury yield should reach 1.25% next year and the economy could finally get a taste of mild inflation.

"I'm more enthusiastic than others that the economy is going to be better than people think," said Rieder, BlackRock chief investment officer of global fixed income. "In the interim, I think the Fed is going to ascribe an easy stance or maybe a very easy stance."

More In Follow the Pros

CNBC ProJim Chanos is no longer short Tesla, but he's still betting against the stock
CNBC ProArk Invest's Cathie Wood sees explosive earnings growth adding momentum to market in 2021
watch now
VIDEO15:21
CNBC ProHoward Marks of Oaktree Capital: See the full CNBC interview here