JPMorgan: U.S. Treasury bonds may have bottomed out

ChainCatcher news: JPMorgan Asset Management stated that U.S. Treasury bonds may have bottomed out due to signs of strong foreign demand and market expectations that the Federal Reserve will support U.S. government debt when necessary.

Bob Michele, the company's global fixed income chief, said, "I feel good; we are investing here at low prices and high yields." "In our conversations with overseas investors, they are not being scared off by U.S. Treasuries." Previously, U.S. Treasuries experienced their largest drop since 2001 due to Trump's tariffs and unpredictable policymaking undermining demand for long-term safe-haven assets. Michele cited Federal Reserve data showing that foreign central banks and reserve management agencies have recently increased their holdings of U.S. Treasuries. He also noted recent comments from Fed's Collins stating that if things become chaotic, the Fed is "absolutely ready" to help stabilize financial markets.