[BlackRock Upgrades U.S. Treasury Rating, Ending Nearly Six-Year Underweight Stance] BlackRock Investment Institute announced in its latest report that it has upgraded its allocation rating for U.S. Treasuries, favoring short-term Treasuries. The decision is based on the significant rise in Treasury yields, which has made potential investment returns more attractive. BlackRock strategists stated: 'Higher yields, along with the market potentially overpricing the Federal Reserve's tightening expectations, have created room for us to adjust our underweight stance on U.S. Treasuries.' BlackRock has downgraded its U.S. equities rating to neutral while increasing allocations to U.S. Treasuries of various maturities, though it still prefers short-term bonds overall.