Loading ...Yield Is `Headed to Zero’-
“The rally in bonds hasn’t even begun yet.”
July 18, 2019, 8:01 AM EDT
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JPMorgan Asset Management CIO reckons rates will be slashed
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Central banks will succumb to trade war, lowflation: Michele
Bob Michele, who in April told investors to enjoy the ride in risk assets, is now looking to ride U.S. Treasury yields “all the way down to zero.”
For 10-year notes “I think that’s where we’re headed over the next couple of years,” Michele, the chief investment officer and head of global fixed income at JPMorgan Asset Management, told Bloomberg TV on Thursday. “The rally in bonds hasn’t even begun yet.”
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