BlackRock's Brazier Wary of German Bonds on Vast Spending Plans
German government bonds look unattractive due to the country's ambitious fiscal expansion, despite potential appetite from European investors bringing cash home from the US, said Alex Brazier, Blackrock Inc.'s global head of investments and portfolio solutions.
'Given the scale of the fiscal expansion in Germany, even with some repatriation of capital that is going on that could cross the Atlantic towards Europe, actually bunds don't look that attractive,' Brazier said in an interview with Bloomberg TV. The firm prefers UK government bonds, he added.
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