JPMorgan Strategists See Treasuries’ Rally Resuming After ‘Rest’
- JPM’s Hunter, Kolanovic see 10-year yield moving up, then down
- Goldman’s Korapaty says benchmark yield likely to be around 4%
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A bull run in Treasuries will resume after its current “rest,” according to strategists at JPMorgan Chase & Co.
The 10-year yield is likely to rise from its current level of about 4% amid trend-following and discretionary selling pressure, before retreating amid a “budding longer-term bull market,” Marko Kolanovic, chief global markets strategist, and Jason Hunter, who focuses on technicals, wrote in a note on Friday.