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Bonds Rally Everywhere in May With Bulls Saying Selloff Is Over

  • Treasuries, global credit, EM bonds have all gained in May
  • Good time to increase allocation to fixed income: JPMorgan
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Bonds in almost every corner of the $63 trillion global debt market are bouncing back as investors begin to see value once again in fixed-income assets. 

Global investment-grade debt has returned almost 1% in May, the first monthly gain since July, while US Treasuries are heading for their best month since November, according to Bloomberg indexes. A gauge of global corporate debt is set for its biggest advance since July, while emerging-market sovereigns from Mexico to Malaysia are also in the green.