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JP Morgan bond manager sees strong economy, can handle higher rates, 10yr could get to 6%

JP Morgan bond manager sees strong economy, can handle higher rates, 10yr could get to 6%
Bloomberg (gated) has the report on the manager of US$8.8 billion JPMorgan Strategic Income Opportunities Fund.In brief:As of the end of August, 63% of the portfolio was in cash-like instrumentsthe rest is primarily in short-dated, floating-rate investment-grade debtEigen’s view on the economy, informed by the thriving business at an athletic facility he owns in Rhode Island, tells him bond investors are in for more pain. As he sees it, the Federal Reserve may raise interest rates at least once... Read More
Posted: Oct 6 2023, 07:30
Author Name: forexlive
Views: 070616

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