Epic Bond Collapse Is Met by a Growing Chorus It’s Time to Buy
- Longer notes are ‘cheap’ relative to history: JPM Asset’s Vij
- US 10-year yield has climbed most since 2003 this month
This article is for subscribers only.
The worst bond rout in decades is drawing more investors to government debt, with JPMorgan Asset Management joining the growing camp of bulls.
Longer-dated sovereign notes in most developed markets are starting to look appealing given that yields are at levels last seen in 2010, according to Arjun Vij, a money manager at JPMorgan Asset. Market expectations that inflation will ease in coming years render the securities an attractive proposition, he said.