Bonds Are Not Working as a Hedge, BlackRock's Koesterich Says

Written by BloombergPublished Jul 23, 2026, 11:25 AM

Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, explains why energy stocks are the only thing he has conviction in as a hedge against equity risks at this time. He also comments on what it would take to buy into US 10-Year Treasuries.