JPMorgan Says Short U.S. 30-Year Bond on Excess Haven Demand
- Bank’s stock team flags past pandemics were buying opportunity
- Virus ‘clear negative’ for emerging Asia currencies: JPMorgan
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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.
Among the Wall Street bank’s other takeaways from their latest market-outlook reports: the outbreak of the disease is a “clear negative” for emerging Asian currencies, while for stocks it could be a buying opportunity if historical parallels hold.