JPMorgan Asset Management Starts Buying Long-End US, Japan, Australia Bonds

A major asset manager publicly calling long-end government bonds "really too cheap" and buying them is a notable shift in tone, especially after a stretch of heavy Treasury selling. The reasoning leans on the idea that the pain from central bank hikes is largely priced in, and that official support — including a long-bond buyback plan — can help stabilize the market. What matters now is whether this remains a lone call or whether other large managers follow, since that would signal a broader reassessment of long-duration risk.