JPMorgan: Global Demand for Long-Term Assets Declines

According to a report by Jinse Finance, JPMorgan analyst Jay Barry stated in a mid-year outlook report that global investor demand for long-term assets appears to be declining. Based on JPMorgan's forecasts, this will lead to a decrease in the yield on US 2-year Treasury bonds, while the yield on 10-year Treasury bonds will remain near current levels. He said, "We maintain our forecast that by the end of the year, the yields on 2-year and 10-year Treasury bonds will be 3.50% and 4.35%, respectively."