There is still a "generational" opportunity to grab attractive income, but it's not going to stick around for too long, according to BlackRock's Rick Rieder. "The generation is getting a bit more mature," he said. Still, fixed-income markets continue to offer historically attractive levels of income — which means there are plenty of opportunities for those willing to do the work, Rieder, the firm's chief investment officer of global fixed income, said in an interview with CNBC. Bond yields move inversely to prices. "You have to be a bit more innovative," he said. Investors should also bear in mind that payouts can add up over time, he said. He referred to it in BlackRock's fourth-quarter fixed income outlook, released Tuesday, as "making a little bit of money a lot of times." Interest rate

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