0353 GMT - BlackRock Investment Institute stays pro-risk even as global rates raise the hurdle for returns. Higher rates and strong equities can co-exist, strategists say. When higher yields reflect robust investment and growth, resulting earnings strength can help offset higher capital costs. Exceptional earnings growth, attractive valuations and a cleaner tactical backdrop support its U.S. and AI overweight positions, and a return to overweight in EM equities. However, BlackRock sees little room for complacency amid risks like renewed energy prices keeping inflation elevated just as the Fed faces a tough choice. A hold could test its credibility, with term premium acting as a release valve as investors demand more compensation to hold long-term bonds. That could push yields higher and raise the bar for equity returns.