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

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."