JPMorgan: The sharp rise in U.S. Treasury yields this month may have already approached its peak

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ME News Report, May 18 (UTC+8), the sharp rise in U.S. Treasury yields this month may have approached its peak. Analysts at JPMorgan Chase stated, "We no longer believe that risk favors higher yields." They added, "The policy outcomes priced into the money markets are more hawkish than our baseline scenario, and valuations have already experienced a correction." According to CME data, most market participants expect the Federal Reserve to keep interest rates unchanged, but the probability of a rate hike is also increasing. Long-term bonds appear to be undervalued. JPMorgan Chase said, "We believe this bearish repricing provides an opportunity to extend duration." (Source: Jin10)
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