BlackRock’s Koesterich Sees Energy Stocks as Best Portfolio Diversifier

Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, says bonds are not working as a hedge as yields on 30-year US Treasuries rose to the highest since 2007 this week. He talks about the factors he sees driving long-dated bonds and why he doesn’t see $100 oil derailing the US economic expansion. (Source: Bloomberg)