Bloomberg -- Fixed-income securities are poised to deliver losses “for the next couple of years,” according to BlackRock Inc., the world’s biggest money manager.

“Overall returns of the market will continue to be negative as monetary policy shifts,” Scott Thiel, deputy chief investment officer for fundamental fixed income, said at a media briefing in London. “The direction of interest rates will be higher over the next couple of years but the reality is that that’s not in every single asset class, and not in every single sector, and in particular, not in every single global market.”

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