BlackRock strategist shifts to short-term Treasuries from stocks

Wei Li, global chief investment strategist at BlackRock, said on October 15, 2026 that the asset manager has turned bullish on short-term US Treasuries while cutting its view on stocks, in an interview on "Bloomberg Surveillance."

Li described the shift as a return of bonds to favor in the firm's allocation, according to Bloomberg. The move pairs an increased preference for short-dated US government debt with a downgrade of equities.

BlackRock is the largest asset manager in the world, and its strategists' positioning commentary is widely tracked by investors for signals on how large pools of capital are weighing government debt against shares.

Further detail on the size or timing of the allocation change was not available in the material.

This story was first reported by Bloomberg.