According to Odaily Planet Daily, Rick Rieder, who is responsible for global fixed income and global asset allocation at BlackRock, pointed out that although the CPI index performed well this week and inflation may be falling, he believes that this is "the golden age of fixed income, not because interest rates will fall, but because you can get a lot of returns in your portfolio."
Ironically, he wondered whether continued high interest rates would make it harder for the Fed to achieve its 2% inflation target by putting so much money in the hands of high-income households.