BlackRock’s Rick Rieder sees opportunity in bonds, while Ray Dalio recommends caution. The Wall Street Journal Markets surveyed six investing professionals on the implications of rising bond yields and strategies for navigating the current market environment. Rieder, BlackRock’s chief investment officer of global fixed income, highlights potential value in select bond sectors amid higher yields, suggesting opportunities for active management.

In contrast, Ray Dalio, founder of Bridgewater Associates, warns of heightened risks, emphasizing the need for prudence as monetary policy tightening continues to impact asset prices. Other contributors offered varied perspectives, ranging from tactical duration positioning to sector-specific opportunities in inflation-linked securities. The consensus underscores a divided outlook, with some viewing elevated yields as a gateway to income generation and others warning of lingering volatility and macroeconomic uncertainty.

The discussion reflects broader market debates about the trajectory of interest rates, inflation trends, and the future path of central bank policy.