J.P. Morgan global CIO of fixed income Bob Michele is bullish on the prospects for bond markets, labelling the current environment as the best in his 30-year career.
Michele, who oversees $109bn in fixed income and currency assets, expects credit to thrive as borrowers display an unprecedented commitment to repay debt. The former Schroders manager, who joined J.P. Morgan in 2008, discusses the outlook for fixed income assets and also the heterogeneous nature of the IMA Strategic Bond sector. Government bonds rallied strongly last month on double-dip fears. Were you surprised by this? Government bonds are in a trading range. What we have seen over the past month is the lower end of this trading range. The market seems to have got overbought and to...
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