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BlackRock Inc., the world’s biggest money manager, says it snapped up some of the euro region’s long-dated government bond issues recently, attracted by their relatively high yields as well as signs of economic progress in the countries concerned.
“We’ve been active in some of those issues,” Michael Krautzberger, BlackRock’s London-based head of European fixed income, said on Bloomberg Television. “Some of the non-German yield curves in Europe are very, very steep. That’s what makes it potentially interesting.”