BlackRock’s Turner Sees Bond Opportunity From Mispriced ECB Bets

Markets’ mispricing of European Central Bank interest-rate hikes is creating an opportunity to buy shorter-dated euro-area bonds, according to BlackRock Inc.

“I don’t think we will see three rate rises from the ECB this year. I am not sure we will see two,” James Turner, head of global fixed income-EMEA, told Bloomberg TV.