JPMorgan: U.S. Treasuries may have hit bottom

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ODAILY
04-14
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Planet Daily News: JPMorgan Asset Management stated that U.S. Treasury bonds may have bottomed out due to signs of strong foreign demand and market expectations that the Federal Reserve will support U.S. government debt if necessary. Bob Michel, the company's global fixed income head, said: "I feel good, we are investing at low prices and high yields." "In our conversations with overseas investors, they are not scared away by U.S. Treasury bonds." Previously, U.S. Treasury bonds experienced their largest decline since 2001, as Trump's tariffs and unpredictable policy-making weakened demand for long-term safe-haven assets. Michel cited Federal Reserve data showing that foreign central banks and reserve management agencies have recently increased their holdings of U.S. Treasury bonds. He also noted that Fed Collins recently commented that the Federal Reserve is "absolutely prepared" to help stabilize financial markets if the situation becomes chaotic. (Jinshi)

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