JPMorgan: U.S. Treasury Bonds May Have Hit Bottom

ChainCatcher news, JPMorgan Asset Management stated that there are signs of strong foreign demand, and the market expects the Federal Reserve to support U.S. government debt when necessary, suggesting that U.S. Treasury bonds may have bottomed out.

The company's global fixed income chief, Bob Michele, said, "I feel good; we have invested here at low prices and high yields." "In our conversations with overseas investors, they are not scared off by U.S. Treasuries." Previously, U.S. Treasuries experienced their largest drop since 2001, due to Trump's tariffs and unpredictable policymaking undermining demand for long-term safe-haven assets. Michele cited Federal Reserve data showing that foreign central banks and reserve management institutions have recently increased their holdings of U.S. Treasuries. He also noted that Federal Reserve's Collins recently commented that if things become chaotic, the Fed is "absolutely ready" to help stabilize financial markets.