“Ten-year Treasuries have not been this dislocated on this basis since 2015, ” JPMorgan calculated.
TOKYO: JPMorgan Chase & Co strategists are betting that the surge in demand for Treasuries, thanks to fears about the deadly coronavirus, will prove short-lived, sticking with a call to sell longer-dated bonds.
“This is the latest risk of a series that have driven US Treasury yields far below what fundamentals indicate, ” strategists, including Matthew Jozoff, wrote in a note Friday.
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