JPMorgan Asset Management: US Treasury Bonds will Strengthen

Published: May 11, 2023 15:22
JPMorgan Asset Management said that the Fed will cut interest rates as soon as September, and the conditions are ripe for US bonds to rise.

JPMorgan Asset Management said that the Fed will cut interest rates as soon as September, and the conditions are ripe for US bonds to rise.

Bonds are poised to strengthen as inflation hits an "inflection point" and the economy heads toward recession, said Jason Davis, rates portfolio manager at JPMorgan Asset Management.

The company manages $2.5 trillion in assets.

He expects the 10-year U.S. Treasury yield to fall toward 3 percent in the coming months, before dropping to around 2.5 percent after the Fed cut rates.

'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices   

SMM Daily Comments (May 4): Coking Coal and Oil Prices Plunge, SHFE Nickel Soar, Gold Hit Record High

ANZ: Oil Market to Remain Bearish, WTI Oil Prices Rebounded After A Roller Coaster


Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
India gold market update: Mixed demand signals
10 hours ago
India gold market update: Mixed demand signals
Read More
India gold market update: Mixed demand signals
India gold market update: Mixed demand signals
10 hours ago
Platinum Price Sees Sharp Pullback, Spot Market Transactions Moderate [SMM Daily Review]
19 hours ago
Platinum Price Sees Sharp Pullback, Spot Market Transactions Moderate [SMM Daily Review]
Read More
Platinum Price Sees Sharp Pullback, Spot Market Transactions Moderate [SMM Daily Review]
Platinum Price Sees Sharp Pullback, Spot Market Transactions Moderate [SMM Daily Review]
19 hours ago
Osmium's Rarity and Unique Properties Drive Luxury Market and Investment Growth
20 hours ago
Osmium's Rarity and Unique Properties Drive Luxury Market and Investment Growth
Read More
Osmium's Rarity and Unique Properties Drive Luxury Market and Investment Growth
Osmium's Rarity and Unique Properties Drive Luxury Market and Investment Growth
[SMM PGM Express] Osmium is attracting growing attention in the luxury goods and alternative investment markets, supported by its exceptional rarity (most rare preciuos metal on earth) and increasing use in high-end jewellery. Industry sources indicate that crystalline osmium prices have increased by nearly 500% over the past eight years, reflecting limited supply and expanding demand from collectors and luxury brands. Global osmium output remains extremely limited, as the metal is recovered only as a by-product of platinum group metal mining. Industry estimates suggest that approximately 22 tonnes of recoverable osmium remain available, underscoring its scarcity and contributing to a relatively small global market. Most refined crystalline osmium is currently held by long-term investors, limiting the volume available for trade. Beyond its rarity, crystalline osmium is gaining recognition for its unique physical properties, including its high density, natural brilliance and traceable certification system, making it increasingly attractive as both a luxury material and a tangible asset. As interest expands beyond Europe into markets such as China and the United States, market participants will continue to monitor supply availability, investor demand and adoption by the luxury jewellery sector as key drivers of future price trends.
20 hours ago