Record-breaking low yields in the Treasury market are part of action not seen in bonds for 40 years, according to JP Morgan's Bob Michele.
Record-breaking yields in the Treasury market are part of action not seen in bonds for 40 years, according to JP Morgan's Bob Michele.
Liquidity issues in which buyers and sellers are having a hard time coming together on prices are just part of the problem, Michele, the firm's chief investment officer and head of global fixed income, said Monday on CNBC's ""I've been doing this 40 years.
In fact, Michele said that at one point he received a call from JP Morgan Asset Management's London office to say that there were no offers on the 30-year bond.The liquidity issues happened as the 10-year yield at one point fell below 0.4% and the 30-year bond dropped below 1%, both firsts in a bond market that has seen a stampede of buyers looking for safety amid the coronavirus scare and a price war in the oil market.
Michele said the Federal Reserve is going to need to provide more easing, and he expects an announcement could come as soon as today. The Fed last week
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Daniel Craig says five-year James Bond delay partly caused by his anxietyThe actor, 52, is returning as James Bond for a fifth time in No Time To Die, but he's admitted that the five-year wait for the movie was partly caused by his anxiety over the role
Read more »
Daniel Craig Says Talk of 'Bond 25' Being Cursed Was 'Pissing Me Off'The production of Daniel Craig's final JamesBond film was plagued by a series of problems and setbacks, but the 007 star said he was furious every time he read a headline that the film was 'cursed.'
Read more »
Cramer: Collapse of oil prices and bond yields is worse than 'the chaos of 2007-2009''The algorithms operated all night as if trillions of dollars were trading......Uncharted waters,' Cramer tweeted early Monday.
Read more »
Electronic platforms are challenging bond broker-dealersIt seems rather quaint that some deals are still brokered by traders with a phone glued to each ear
Read more »
'SNL': Daniel Craig Reveals Hilarious New James Bond 'Sneak Peek'Daniel Craig gave fans a very different look at 007 in pitch perfect 'SNL' parody.
Read more »
Sanders Presses Attacks on Biden's Record but Says His Rival Could Also Beat TrumpDETROIT -- Calibrating his approach for a tough head-to-head primary matchup in a year when many Democratic voters want to put up a united front, Sen. Bernie Sanders of Vermont on Friday renewed his attacks on former Vice President Joe Biden&39;s record on trade while also conceding that Biden could
Read more »