JPMorgan Asset Management Boosts Treasury Holdings on Fed Bet

JPMorgan Asset Management boosted its Treasury holdings in recent weeks to take advantage of higher yields and on the expectation the Federal Reserve will maintain an accommodative monetary policy to spur growth.

The benchmark 10-year yield climbed to the highest level in 14 months last week amid speculation improving U.S. economic data will prompt the Fed to scale down its asset-purchase program. Chairman Ben S. Bernanke said last month the Fed could reduce stimulus if there are indications of economic growth will be sustained.