Yahoo Finance’s Andy Serwer joins the Live show to discuss BlackRock CEO Larry Fink’s annual open letter defending stakeholder capitalism and the carbon transition.
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(Reuters) -A fast pace of monetary policy readjustment to curb inflation could lead to a flattening of the U.S. Treasuries yield curve, warned BlackRock chief Larry Fink, amid a recent spike in yields that some said had echoes of 2013 "taper tantrum." The shape of the yield curve reveals investor expectations for U.S. growth and monetary policy. A hawkish stance by the U.S. Federal Reserve planning sooner-than-expected rate increases has pushed up short-term rates, flattening the curve.