B · Normal
[JPMorgan Chase: Strong PMI data and energy factors may be the main reasons for the recent bond sell-off] On September 28, JPMorgan Chase strategists stated in a report that the latest round of bond sell-off reflected stronger-than-expected PMI data in September, especially in the euro zone and the United States, and the market was more sensitive to energy-related news. Strategists said the noise surrounding possible U.S. restrictions on diesel exports added another layer of uncertainty. JPMorgan advises investors to remain neutral on German Bund duration in the short term, although strategists stress that mid-term German Bund yields remain attractive for long-term investors who can withstand short-term volatility.
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