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Top Strategist at $1.8 Trillion Fund Warns The World's Favorite Retirement Investment “Won't Do A Thing” Against Inflation

By 24/7 Wall Street May 13, 2026 Neutral
Top Strategist at $1.8 Trillion Fund Warns The World's Favorite Retirement Investment “Won't Do A Thing” Against Inflation
Sébastien Page, Head of Global Multi-Asset and Chief Investment Officer at T. Rowe Price, used a CNBC appearance this week to challenge one of the deepest reflexes in portfolio construction: that long-duration Treasuries cushion a portfolio when growth wobbles.
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Sébastien Page, Head of Global Multi-Asset and Chief Investment Officer at T. Rowe Price, used a CNBC appearance this week to challenge one of the deepest reflexes in portfolio construction: that long-duration Treasuries cushion a portfolio when growth wobbles.