TechFlow, April 14 — According to Jinshi Data, JPMorgan Asset Management said that U.S. Treasuries may have already bottomed out due to signs of strong foreign demand and market expectations that the Federal Reserve will support U.S. government debt if necessary. Bob Michele, the firm's global head of fixed income, said: "I feel good about putting money to work here at low prices and high yields. In our conversations with overseas investors, they are not being deterred by U.S. Treasuries."
Earlier, U.S. Treasuries suffered their biggest decline since 2001 as Trump's tariffs and unpredictable policymaking weakened demand for long-term safe-haven assets. Michele cited Federal Reserve data showing that foreign central banks and reserve managers have recently increased their holdings of U.S. Treasuries. He also noted recent comments from Fed's Collins stating that the Fed is absolutely prepared to help stabilize financial markets if conditions become disorderly.
