★Brace for Treasuries to Keep Selling Off. Inflation Risks Are Lurking, BlackRock Says.

"Persistent Treasury sell-offs, driven by inflation concerns, signal a fundamental shift in risk-free asset pricing and capital allocation across fixed income. This necessitates re-evaluating duration exposure, credit spreads, and hedging strategies, potentially accelerating the rotation from passive to active management and impacting pension fund liabilities. Such a trend could also pressure corporate borrowing costs and equity valuations, recalibrating broader market risk premiums."