Rick Rieder

“There's a lot of floating rate finance in housing, credit card, auto loan finance, and you're seeing those areas already under pressure.”

Rick Rieder · said date not stated · reported 2026-10-21

Rieder said floating-rate finance in housing, credit cards, and auto loans is already under pressure from higher rates.

“You're now getting to buy these entities which are higher quality, paying you a very attractive yield to get it.”

Rick Rieder · said date not stated · reported 2026-10-21

Rieder said investors can now buy higher-quality hyperscaler entities paying an attractive yield.

“That we've been more cautious around, and we'll continue to be.”

Rick Rieder · said date not stated · reported 2026-10-21

Rieder said his team has been more cautious around data center supply lacking hyperscaler backing and will continue to be.

“There's parts of the data center supply that's not hyperscaler guaranteed or hyperscaler backed,”

Rick Rieder · said date not stated · reported 2026-10-21

Rieder said parts of the data center supply are not hyperscaler guaranteed or backed.

“They're not borrowing off the overnight funds rate,”

Rick Rieder · said date not stated · reported 2026-10-21

Rieder noted that tech companies are not borrowing off the overnight funds rate.

“Your starting point is by far your best barometer of what your return is going to be,”

Rick Rieder · said date not stated · reported 2026-10-21

Rieder noted that a portfolio's starting yield is the best barometer of its eventual return.

“The more the central banks raise the rates, the cost of debt to these to already indebted governments is something we've got to be careful about over time,”

Rick Rieder · said date not stated · reported 2026-10-21

Rieder warned that as central banks raise rates, the cost of debt for already indebted governments warrants caution over time.

“So you don't really have to worry about defaults of any significance.”

Rick Rieder · said date not stated · reported 2026-10-21

Rieder said the economy remains strong, so investors do not need to worry about significant defaults.

“So if you get seven and a quarter, maybe you get eight, maybe you get six, but ... if your holding period is a year or longer, you're going to get that yield.”

Rick Rieder · said date not stated · reported 2026-10-21

Rieder said that over a holding period of a year or longer, investors are going to get the yield they start with.

“With government rates moving higher, that is something that we just got to keep an eye on.”

Rick Rieder · said date not stated · reported 2026-10-21

Rieder said rising government rates are something to keep an eye on alongside AI-related bond supply.

“They're very low leverage. They have tremendous amounts of cash flow coming in,”

Rick Rieder · said date not stated · reported 2026-10-21

Rieder described hyperscalers as having very low leverage and tremendous cash flow coming in.

“With the amount of supply that's coming — data center, hyperscaler — there's some crowding-out effect that's taking place,”

Rick Rieder · said date not stated · reported 2026-10-21

Rieder said the large amount of data center and hyperscaler bond supply is creating a crowding-out effect.

“Not only is it historic in that these yields are where they are, but the only time these yields are ever here is when there's some problem, like an economic problem or default problem,”

Rick Rieder · said date not stated · reported 2026-10-21

Rieder said in an interview about his fourth-quarter outlook that current yields are historically high absent any economic or default problem.

“Going to Jackson Hole, that's going to be interesting to see how they address that,”

Rick Rieder · said 2026-08-19 · reported 2026-08-20

Rieder noted that the Jackson Hole symposium would be a key moment to watch for the Fed's response.

“There's more firepower in terms of how you manage the yield curve sitting at the Federal Reserve,”

Rick Rieder · said 2026-08-19 · reported 2026-08-20

Rieder commented on the Federal Reserve's potential influence over the yield curve.