Bob Michele, chief investment officer and head of global fixed income at JPMorgan Asset Management, has slashed the firm’s holdings of U.S. government bonds to the smallest since September 2018, according to Bloomberg. Michele thinks the rally in treasuries (downtrend in yields) has run out of steam and expects a stagnant return for the safest government bonds amid increased flows into securities like corporate bonds and emerging markets debt pegged to growth. Key quote We are going to be stuck with low yields for a long period of time. Central banks are going to just control the level of yields in those markets and there are other things to us that look more attractive where we still get high quality and protection on the downside. The US 10-year yield is hovering near 0.66% at press time, having started the yeat at 1.92%. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WHO’s Etienne: Nearly half of all COVID-19 cases globally can be found in the Americas FX Street 2 years Bob Michele, chief investment officer and head of global fixed income at JPMorgan Asset Management, has slashed the firm’s holdings of U.S. government bonds to the smallest since September 2018, according to Bloomberg. Michele thinks the rally in treasuries (downtrend in yields) has run out of steam and expects a stagnant return for the safest government bonds amid increased flows into securities like corporate bonds and emerging markets debt pegged to growth. Key quote We are going to be stuck with low yields for a long period of time. Central banks are going to just control the level of yields… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
